Banco Santander S.A. Decreases Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Banco Santander S.A. trimmed its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 25.7% during the fourth quarter, Holdings Channel reports. The fund owned 16,380 shares of the company’s stock after selling 5,659 shares during the quarter. Banco Santander S.A.’s holdings in ARK Innovation ETF were worth $930,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Apollon Wealth Management LLC boosted its stake in ARK Innovation ETF by 52.8% during the 4th quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock valued at $381,000 after acquiring an additional 2,316 shares during the last quarter. Caprock Group LLC bought a new position in shares of ARK Innovation ETF during the fourth quarter worth about $293,000. SFG Wealth Management LLC. acquired a new position in ARK Innovation ETF in the fourth quarter worth about $224,000. Empowered Funds LLC acquired a new position in ARK Innovation ETF in the fourth quarter worth about $1,149,000. Finally, Bank of Jackson Hole Trust bought a new stake in ARK Innovation ETF in the fourth quarter valued at about $114,000.

ARK Innovation ETF Stock Up 0.6 %

NYSEARCA:ARKK opened at $52.45 on Monday. The company has a market cap of $5.46 billion, a PE ratio of 46.93 and a beta of 1.76. The business’s 50 day moving average is $59.92 and its two-hundred day moving average is $54.20. 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.