Convergence Financial LLC trimmed its position in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 27.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,520 shares of the company’s stock after selling 3,515 shares during the quarter. Convergence Financial LLC’s holdings in ARK Innovation ETF were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in ARKK. Kestra Investment Management LLC acquired a new stake in ARK Innovation ETF in the 4th quarter worth approximately $68,000. Brown Brothers Harriman & Co. bought a new stake in shares of ARK Innovation ETF during the third quarter valued at approximately $76,000. Hobbs Group Advisors LLC bought a new stake in shares of ARK Innovation ETF during the third quarter valued at approximately $86,000. Bank of Jackson Hole Trust acquired a new stake in ARK Innovation ETF in the 4th quarter valued at $114,000. Finally, Global Trust Asset Management LLC boosted its stake in ARK Innovation ETF by 221.5% in the 4th quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock valued at $119,000 after buying an additional 1,440 shares in the last quarter.
ARK Innovation ETF Price Performance
Shares of ARKK stock opened at $56.46 on Thursday. The stock’s fifty day simple moving average is $60.78 and its 200 day simple moving average is $53.63. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 46.93 and a beta of 1.76. ARK Innovation ETF has a one year low of $36.85 and a one year 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.
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