Harbour Investments Inc. Sells 579 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Harbour Investments Inc. cut its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,419 shares of the company’s stock after selling 579 shares during the period. Harbour Investments Inc.’s holdings in ARK Innovation ETF were worth $705,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ARKK. Sumitomo Mitsui Trust Group Inc. boosted its holdings in ARK Innovation ETF by 10.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,800 shares of the company’s stock valued at $1,464,000 after acquiring an additional 3,000 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of ARK Innovation ETF by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 84,254 shares of the company’s stock valued at $4,005,000 after purchasing an additional 890 shares during the period. Banco Santander S.A. grew its holdings in shares of ARK Innovation ETF by 3.3% in the third quarter. Banco Santander S.A. now owns 22,039 shares of the company’s stock worth $1,048,000 after purchasing an additional 700 shares during the last quarter. Nwam LLC purchased a new position in shares of ARK Innovation ETF in the third quarter worth $1,261,000. Finally, Great Valley Advisor Group Inc. raised its holdings in ARK Innovation ETF by 2.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 22,030 shares of the company’s stock valued at $1,047,000 after buying an additional 480 shares during the last quarter.

ARK Innovation ETF Stock Up 3.8 %

Shares of ARK Innovation ETF stock opened at $50.05 on Thursday. The company’s fifty day simple moving average is $58.39 and its two-hundred day simple moving average is $54.35. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $68.43. The firm has a market cap of $5.49 billion, a PE ratio of 41.12 and a beta of 1.89.

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.