Sanders Morris Harris LLC Cuts Position in ARK Innovation ETF (NYSEARCA:ARKK)

Sanders Morris Harris LLC decreased its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,025 shares of the company’s stock after selling 183 shares during the period. Sanders Morris Harris LLC’s holdings in ARK Innovation ETF were worth $827,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of ARK Innovation ETF by 5,773.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock worth $755,420,000 after acquiring an additional 1,562,287 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in ARK Innovation ETF by 120.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock worth $62,177,000 after purchasing an additional 774,315 shares during the last quarter. Total Investment Management Inc. boosted its position in ARK Innovation ETF by 16.9% during the third quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock valued at $63,625,000 after buying an additional 193,251 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of ARK Innovation ETF during the third quarter valued at about $6,545,000. Finally, Claro Advisors LLC grew its stake in shares of ARK Innovation ETF by 1,588.1% during the third quarter. Claro Advisors LLC now owns 123,266 shares of the company’s stock valued at $5,859,000 after buying an additional 115,964 shares during the last quarter.

ARK Innovation ETF Price Performance

NYSEARCA ARKK opened at $58.82 on Thursday. The stock has a 50-day moving average of $58.16 and a 200-day moving average of $49.97. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $63.44.

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.