Kestra Private Wealth Services LLC Sells 12,944 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Kestra Private Wealth Services LLC cut its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 13.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 81,201 shares of the company’s stock after selling 12,944 shares during the period. Kestra Private Wealth Services LLC’s holdings in ARK Innovation ETF were worth $4,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Caprock Group LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter valued at $293,000. SFG Wealth Management LLC. bought a new position in ARK Innovation ETF in the 4th quarter worth about $224,000. Barclays PLC grew its holdings in ARK Innovation ETF by 100.6% during the 3rd quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after buying an additional 32,679 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of ARK Innovation ETF during the third quarter valued at about $1,675,000. Finally, D.A. Davidson & CO. lifted its holdings in shares of ARK Innovation ETF by 3.1% in the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock worth $579,000 after buying an additional 361 shares in the last quarter.

ARK Innovation ETF Stock Performance

ARKK stock opened at $62.72 on Tuesday. The firm has a 50 day moving average of $60.37 and a 200-day moving average of $51.90. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $64.72.

ARK Innovation ETF 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.