Stephens Inc. AR reduced its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 12.9% in the fourth quarter, selling 2,071 shares, according to its Form 13F filing with the Securities & Exchange Commission. The firm owned 14,012 shares of the company’s stock, valued at $734,000.
Other large investors have also adjusted their stakes in ARKK. Jones Financial Companies Lllp bought a new stake in the fourth quarter, while Oliver Lagore Vanvalin Investment Group and Headinvest LLC increased their positions in the third quarter. Fortitude Family Office LLC and Concord Wealth Partners also made new investments in the ETF.
ARK Innovation ETF’s stock performance shows an opening price of $44.15 on Tuesday, with a 50-day moving average of $44.78 and a 200-day moving average of $47.62. The ETF has a twelve-month low of $33.76 and a high of $54.52.
ARK Innovation ETF (ARKK) is an actively managed fund that focuses on long-term capital growth from companies globally involved in or benefiting from disruptive innovation. Launched in 2014 and managed by ARK, the fund invests in stocks based on a specific theme.
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