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DailyBubble News

NBC Securities Inc. Sells 70,429 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

NBC Securities Inc. reduced its holdings in ARK Innovation ETF (NYSEARCA: ARKK) by 79.8% in the first quarter, according to its recent filing with the Securities and Exchange Commission (SEC). The institutional investor sold 70,429 shares, leaving them with 17,828 shares valued at $892,000 as of their most recent SEC filing.

Other institutional investors and hedge funds have also been active in trading ARK Innovation ETF shares. For instance, Jones Financial Companies Lllp acquired a new stake in the company in the fourth quarter, while Headinvest LLC and Fortitude Family Office LLC bought stakes in the third and fourth quarters, respectively. Concord Wealth Partners and Naples Money Management LLC also increased their holdings in the company during the last quarter.

ARK Innovation ETF’s stock performance has seen fluctuations, with an opening price of $43.68 on Thursday. The stock has ranged from a 1-year low of $33.76 to a high of $54.52, with a 50-day moving average of $44.27 and a 200-day moving average of $47.50.

ARK Innovation ETF (ARKK) is an exchange-traded fund focused on investing in stocks related to disruptive innovation globally. Launched in 2014, the fund is actively managed with the goal of achieving long-term capital growth. The fund is managed by ARK.

For those interested in staying updated on ARK Innovation ETF’s news and ratings, MarketBeat.com offers a free daily email newsletter service to provide a concise summary of the latest information and analyst ratings.

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