ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Brookstone Capital Management

Brookstone Capital Management cut its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 13.2% during the 4th quarter, Holdings Channel reports. The firm owned 147,848 shares of the company’s stock after selling 22,564 shares during the period. Brookstone Capital Management’s holdings in ARK Innovation ETF were worth $8,393,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ARKK. International Assets Investment Management LLC grew its stake in ARK Innovation ETF by 5,773.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock worth $755,420,000 after acquiring an additional 1,562,287 shares during the period. D. E. Shaw & Co. Inc. increased its stake in ARK Innovation ETF by 120.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock valued at $62,177,000 after purchasing an additional 774,315 shares during the last quarter. Total Investment Management Inc. lifted its position in ARK Innovation ETF by 16.9% during the third quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock worth $63,625,000 after buying an additional 193,251 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in ARK Innovation ETF in the 3rd quarter worth about $6,545,000. Finally, Claro Advisors LLC boosted its stake in ARK Innovation ETF by 1,588.1% in the 3rd quarter. Claro Advisors LLC now owns 123,266 shares of the company’s stock worth $5,859,000 after buying an additional 115,964 shares during the last quarter.

ARK Innovation ETF Stock Down 1.3 %

NYSEARCA ARKK opened at $56.70 on Tuesday. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $63.44. The company has a 50-day moving average of $58.00 and a 200-day moving average of $49.88.

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.