StoneX Group Inc. Sells 2,314 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

StoneX Group Inc. reduced its position in ARK Innovation ETF (NYSEARCA:ARKK) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,300 shares of the company’s stock after selling 2,314 shares during the quarter. StoneX Group Inc.’s holdings in ARK Innovation ETF were worth $642,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of ARK Innovation ETF in the 4th quarter valued at $38,000. Graney & King LLC acquired a new position in ARK Innovation ETF during the fourth quarter worth about $61,000. Kestra Investment Management LLC bought a new position in shares of ARK Innovation ETF in the fourth quarter worth about $68,000. Hobbs Group Advisors LLC acquired a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at approximately $86,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of ARK Innovation ETF during the 4th quarter valued at approximately $99,000.

ARK Innovation ETF Price Performance

ARKK stock opened at $49.15 on Thursday. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $68.43. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 28.92 and a beta of 1.98. The company has a 50 day simple moving average of $56.70 and a 200 day simple moving average of $54.83.

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.