Gerber LLC Sells 4,255 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Gerber LLC decreased its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,545 shares of the company’s stock after selling 4,255 shares during the quarter. ARK Innovation ETF comprises 7.8% of Gerber LLC’s holdings, making the stock its 4th biggest position. Gerber LLC owned approximately 0.13% of ARK Innovation ETF worth $10,760,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in shares of ARK Innovation ETF in the fourth quarter worth $68,000. Brown Brothers Harriman & Co. purchased a new stake in ARK Innovation ETF during the third quarter worth $76,000. Hobbs Group Advisors LLC purchased a new stake in ARK Innovation ETF during the third quarter worth $86,000. Mainstream Capital Management LLC purchased a new stake in ARK Innovation ETF during the fourth quarter worth $99,000. Finally, Bank of Jackson Hole Trust purchased a new stake in ARK Innovation ETF during the fourth quarter worth $114,000.

ARK Innovation ETF Stock Up 2.9 %

ARKK opened at $49.61 on Thursday. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 46.93 and a beta of 1.76. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43. The firm’s fifty day simple moving average is $59.41 and its two-hundred day simple moving average is $54.21.

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.