Crescent Grove Advisors LLC Decreases Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Crescent Grove Advisors LLC reduced its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 5.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 42,173 shares of the company’s stock after selling 2,328 shares during the quarter. Crescent Grove Advisors LLC’s holdings in ARK Innovation ETF were worth $2,394,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC boosted its stake in ARK Innovation ETF by 550.0% in the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after acquiring an additional 550 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of ARK Innovation ETF in the 2nd quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of ARK Innovation ETF in the 2nd quarter worth approximately $34,000. Brown Brothers Harriman & Co. purchased a new position in ARK Innovation ETF in the third quarter valued at approximately $76,000. Finally, Hobbs Group Advisors LLC bought a new position in ARK Innovation ETF during the third quarter valued at $86,000.

ARK Innovation ETF Stock Performance

Shares of ARKK opened at $62.33 on Friday. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $63.61. The stock’s fifty day moving average price is $59.13 and its two-hundred day moving average price is $50.75.

ARK Innovation ETF Company Profile

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.