Blue Trust Inc. Cuts Position in ARK Innovation ETF (NYSEARCA:ARKK)

Blue Trust Inc. trimmed its position in ARK Innovation ETF (NYSEARCA:ARKK) by 82.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 262,153 shares of the company’s stock after selling 1,252,710 shares during the quarter. Blue Trust Inc.’s holdings in ARK Innovation ETF were worth $14,882,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ARKK. Global Trust Asset Management LLC raised its holdings in shares of ARK Innovation ETF by 550.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after buying an additional 550 shares during the period. Hershey Financial Advisers LLC purchased a new stake in shares of ARK Innovation ETF during the 2nd quarter valued at about $32,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ARK Innovation ETF during the 2nd quarter valued at about $34,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at about $76,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at about $86,000.

ARK Innovation ETF Trading Down 0.6 %

Shares of NYSEARCA:ARKK opened at $62.33 on Monday. ARK Innovation ETF has a one year low of $36.85 and a one year high of $63.61. The business’s 50-day simple moving average is $59.13 and its 200 day simple moving average is $50.78.

About ARK Innovation ETF

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 managed by ARK.