ARK Innovation ETF $ARKK Holdings Lowered by LPL Financial LLC

LPL Financial LLC trimmed its stake in shares of ARK Innovation ETF (BATS:ARKK) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,152,674 shares of the company’s stock after selling 22,978 shares during the period. LPL Financial LLC’s holdings in ARK Innovation ETF were worth $165,584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dakota Wealth Management bought a new stake in shares of ARK Innovation ETF during the 4th quarter worth about $2,001,000. NavPoint Financial Inc. raised its position in shares of ARK Innovation ETF by 72.6% during the 4th quarter. NavPoint Financial Inc. now owns 20,040 shares of the company’s stock worth $1,541,000 after buying an additional 8,430 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of ARK Innovation ETF during the 4th quarter worth about $562,000. JPMorgan Chase & Co. raised its position in shares of ARK Innovation ETF by 51.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,886,920 shares of the company’s stock worth $335,441,000 after buying an additional 1,320,420 shares in the last quarter. Finally, BIP Wealth LLC raised its holdings in shares of ARK Innovation ETF by 243.7% in the 4th quarter. BIP Wealth LLC now owns 14,704 shares of the company’s stock worth $1,131,000 after purchasing an additional 10,426 shares in the last quarter.

ARK Innovation ETF Price Performance

BATS ARKK opened at $73.01 on Thursday. The company’s 50 day simple moving average is $75.65 and its 200 day simple moving average is $75.90. ARK Innovation ETF has a 12 month low of $60.54 and a 12 month high of $92.65. The company has a market capitalization of $6.91 billion, a P/E ratio of 50.14 and a beta of 1.92.

ARK Innovation ETF 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 issued by ARK.