ARK Innovation ETF (NYSEARCA:ARKK) Holdings Reduced by American Financial Advisors LLC

American Financial Advisors LLC lowered its position in ARK Innovation ETF (NYSEARCA:ARKK) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,131 shares of the company’s stock after selling 5,738 shares during the quarter. American Financial Advisors LLC’s holdings in ARK Innovation ETF were worth $2,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Clear Harbor Asset Management LLC increased its position in ARK Innovation ETF by 2.3% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 12,338 shares of the company’s stock valued at $586,000 after acquiring an additional 282 shares during the period. D.A. Davidson & CO. increased its holdings in shares of ARK Innovation ETF by 3.1% during the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock valued at $579,000 after purchasing an additional 361 shares during the period. Perigon Wealth Management LLC raised its stake in shares of ARK Innovation ETF by 3.6% during the fourth quarter. Perigon Wealth Management LLC now owns 11,986 shares of the company’s stock valued at $704,000 after purchasing an additional 421 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in ARK Innovation ETF by 3.3% in the fourth quarter. Focus Financial Network Inc. now owns 13,020 shares of the company’s stock worth $739,000 after purchasing an additional 422 shares during the period. Finally, Summit Investment Advisory Services LLC grew its position in ARK Innovation ETF by 4.1% in the 4th quarter. Summit Investment Advisory Services LLC now owns 10,731 shares of the company’s stock valued at $609,000 after buying an additional 424 shares in the last quarter.

ARK Innovation ETF Stock Performance

ARKK stock opened at $67.02 on Friday. The firm’s 50-day moving average is $60.69 and its two-hundred day moving average is $52.49. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $67.16.

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.