PFG Advisors Trims Position in ARK Innovation ETF (NYSEARCA:ARKK)

PFG Advisors lessened its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 58,158 shares of the company’s stock after selling 3,345 shares during the quarter. PFG Advisors’ holdings in ARK Innovation ETF were worth $3,302,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in shares of ARK Innovation ETF during the 4th quarter worth $68,000. Brown Brothers Harriman & Co. purchased a new position in shares of ARK Innovation ETF in the 3rd quarter worth $76,000. Mainstream Capital Management LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter worth $99,000. Hobbs Group Advisors LLC purchased a new position in shares of ARK Innovation ETF in the 3rd quarter worth $86,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of ARK Innovation ETF in the 4th quarter worth $114,000.

ARK Innovation ETF Trading Up 2.9 %

Shares of ARKK opened at $49.61 on Thursday. The firm has a market capitalization of $5.16 billion, a P/E ratio of 46.93 and a beta of 1.76. The stock’s fifty day simple moving average is $59.41 and its 200 day simple moving average is $54.21. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $68.43.

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.