Heritage Wealth Management Inc. CA Has $344,000 Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Heritage Wealth Management Inc. CA cut its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,063 shares of the company’s stock after selling 623 shares during the quarter. Heritage Wealth Management Inc. CA’s holdings in ARK Innovation ETF were worth $344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Kestra Investment Management LLC purchased a new position in ARK Innovation ETF in the fourth quarter valued at about $68,000. Brown Brothers Harriman & Co. acquired a new position in ARK Innovation ETF in the third quarter worth approximately $76,000. Hobbs Group Advisors LLC bought a new position in ARK Innovation ETF during the third quarter valued at approximately $86,000. Mainstream Capital Management LLC acquired a new stake in ARK Innovation ETF in the fourth quarter valued at approximately $99,000. Finally, Bank of Jackson Hole Trust bought a new stake in ARK Innovation ETF in the fourth quarter worth approximately $114,000.

ARK Innovation ETF Trading Up 5.2 %

ARK Innovation ETF stock opened at $54.18 on Tuesday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43. The firm’s fifty day simple moving average is $58.04 and its 200-day simple moving average is $54.60. The company has a market capitalization of $5.94 billion, a P/E 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.