ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Family Management Corp

Family Management Corp lessened its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 12.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,210 shares of the company’s stock after selling 3,074 shares during the period. Family Management Corp’s holdings in ARK Innovation ETF were worth $1,204,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ARKK. Barclays PLC lifted its holdings in shares of ARK Innovation ETF by 100.6% in the 3rd quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after purchasing an additional 32,679 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in ARK Innovation ETF in the fourth quarter valued at approximately $226,000. Park Avenue Securities LLC boosted its holdings in shares of ARK Innovation ETF by 211.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,321 shares of the company’s stock valued at $756,000 after acquiring an additional 9,041 shares during the period. Advisors Management Group Inc. ADV purchased a new position in shares of ARK Innovation ETF during the fourth quarter worth approximately $224,000. Finally, Tallon Kerry Patrick acquired a new position in shares of ARK Innovation ETF in the 4th quarter valued at $1,843,000.

ARK Innovation ETF Price Performance

ARKK stock opened at $49.59 on Thursday. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 29.14 and a beta of 1.98. The company has a fifty day moving average price of $48.59 and a 200 day moving average price of $54.75. ARK Innovation ETF has a 12 month low of $36.85 and a 12 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.