ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC lessened its position in ARK Innovation ETF (NYSEARCA:ARKK) by 42.9% in the 4th quarter, Holdings Channel reports. The fund owned 20,000 shares of the company’s stock after selling 15,015 shares during the period. Aviance Capital Partners LLC’s holdings in ARK Innovation ETF were worth $1,047,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley boosted its position in shares of ARK Innovation ETF by 5.1% during the 3rd quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock worth $377,821,000 after purchasing an additional 460,104 shares in the last quarter. LPL Financial LLC increased its holdings in ARK Innovation ETF by 2.5% in the third quarter. LPL Financial LLC now owns 3,631,858 shares of the company’s stock valued at $144,076,000 after buying an additional 89,000 shares in the last quarter. Citigroup Inc. lifted its position in shares of ARK Innovation ETF by 11.3% during the 3rd quarter. Citigroup Inc. now owns 3,227,469 shares of the company’s stock valued at $128,034,000 after acquiring an additional 328,088 shares during the period. International Assets Investment Management LLC purchased a new stake in ARK Innovation ETF during the fourth quarter worth $93,781,000. Finally, Raymond James & Associates grew its stake in ARK Innovation ETF by 5.8% in the 4th quarter. Raymond James & Associates now owns 951,484 shares of the company’s stock valued at $49,829,000 after acquiring an additional 52,574 shares during the last quarter.

ARK Innovation ETF Stock Performance

ARKK traded down $0.95 during midday trading on Tuesday, reaching $45.55. 7,885,653 shares of the company’s stock were exchanged, compared to its average volume of 14,047,633. The business’s 50-day moving average price is $47.55 and its 200 day moving average price is $46.83. ARK Innovation ETF has a 1-year low of $33.76 and a 1-year high of $54.52.

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 managed by ARK.