ARK Innovation ETF (NYSEARCA:ARKK) Position Lowered by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC lessened its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,919 shares of the company’s stock after selling 255 shares during the period. Oxford Financial Group LTD. LLC’s holdings in ARK Innovation ETF were worth $166,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of ARK Innovation ETF in the 4th quarter worth approximately $68,000. Brown Brothers Harriman & Co. bought a new stake in shares of ARK Innovation ETF during the 3rd quarter worth about $76,000. Mainstream Capital Management LLC acquired a new stake in shares of ARK Innovation ETF in the 4th quarter worth approximately $99,000. Hobbs Group Advisors LLC bought a new position in shares of ARK Innovation ETF in the third quarter valued at approximately $86,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of ARK Innovation ETF during the fourth quarter valued at approximately $114,000.

ARK Innovation ETF Stock Up 3.0 %

NYSEARCA:ARKK opened at $51.50 on Friday. The business’s 50-day moving average price is $58.09 and its 200 day moving average price is $54.37. The firm has a market cap of $5.65 billion, a P/E ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week 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.