Janney Montgomery Scott LLC cut its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,425 shares of the company’s stock after selling 6,907 shares during the quarter. Janney Montgomery Scott LLC owned 0.05% of ARK Innovation ETF worth $4,840,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in ARK Innovation ETF during the 4th quarter worth about $93,781,000. Simplex Trading LLC acquired a new position in shares of ARK Innovation ETF in the 4th quarter valued at approximately $29,351,000. Morgan Stanley raised its position in shares of ARK Innovation ETF by 5.1% in the 3rd quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock valued at $377,821,000 after purchasing an additional 460,104 shares in the last quarter. Citigroup Inc. raised its position in shares of ARK Innovation ETF by 11.3% in the 3rd quarter. Citigroup Inc. now owns 3,227,469 shares of the company’s stock valued at $128,034,000 after purchasing an additional 328,088 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of ARK Innovation ETF by 896.6% in the 3rd quarter. Corient Private Wealth LLC now owns 190,641 shares of the company’s stock valued at $7,563,000 after purchasing an additional 171,511 shares in the last quarter.
ARK Innovation ETF Price Performance
ARKK stock opened at $45.20 on Wednesday. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52. The stock’s 50 day simple moving average is $46.41 and its 200 day simple moving average is $47.45.
ARK Innovation ETF Company Profile
(Free Report)
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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