ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Tyler Stone Wealth Management

Tyler Stone Wealth Management cut its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 7.6% in the fourth quarter, HoldingsChannel reports. The firm owned 8,166 shares of the company’s stock after selling 672 shares during the quarter. Tyler Stone Wealth Management’s holdings in ARK Innovation ETF were worth $464,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of ARK Innovation ETF in the 4th quarter valued at $54,586,000. Strategic Financial Concepts LLC acquired a new stake in ARK Innovation ETF in the fourth quarter valued at $514,000. Y Intercept Hong Kong Ltd acquired a new stake in ARK Innovation ETF in the third quarter valued at $6,545,000. Variant Private Wealth LLC purchased a new stake in ARK Innovation ETF during the 4th quarter worth about $4,862,000. Finally, SteelPeak Wealth LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter valued at about $3,512,000.

ARK Innovation ETF Stock Down 4.6 %

ARKK stock opened at $51.66 on Thursday. The business has a 50 day moving average price of $57.85 and a 200 day moving average price of $54.67. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43.

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.