ARK Innovation ETF $ARKK Shares Sold by LPL Financial LLC

LPL Financial LLC cut its position in ARK Innovation ETF (BATS:ARKK) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,152,674 shares of the company’s stock after selling 22,978 shares during the quarter. LPL Financial LLC owned about 2.35% of ARK Innovation ETF worth $165,584,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Dakota Wealth Management bought a new stake in ARK Innovation ETF in the 4th quarter valued at about $2,001,000. NavPoint Financial Inc. lifted its position in ARK Innovation ETF by 72.6% in the 4th quarter. NavPoint Financial Inc. now owns 20,040 shares of the company’s stock valued at $1,541,000 after purchasing an additional 8,430 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in ARK Innovation ETF in the 4th quarter valued at about $562,000. JPMorgan Chase & Co. lifted its position in ARK Innovation ETF by 51.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,886,920 shares of the company’s stock valued at $335,441,000 after purchasing an additional 1,320,420 shares during the last quarter. Finally, BIP Wealth LLC lifted its position in ARK Innovation ETF by 243.7% in the 4th quarter. BIP Wealth LLC now owns 14,704 shares of the company’s stock valued at $1,131,000 after purchasing an additional 10,426 shares during the last quarter.

ARK Innovation ETF Trading Down 2.7%

ARKK stock opened at $73.01 on Thursday. ARK Innovation ETF has a 52 week low of $60.54 and a 52 week high of $92.65. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The firm’s 50-day moving average is $75.65 and its two-hundred day moving average is $75.90.

ARK Innovation ETF Profile

The ARK Innovation ETF (ARKK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks long-term capital growth from companies globally involved with, or that benefit from, disruptive innovation. ARKK was launched on Oct 31, 2014 and is issued by ARK.