Sovereign Financial Group Inc. Lowers Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Sovereign Financial Group Inc. reduced its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,801 shares of the company’s stock after selling 400 shares during the quarter. Sovereign Financial Group Inc.’s holdings in ARK Innovation ETF were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new position in ARK Innovation ETF during the second quarter valued at $26,000. Global Trust Asset Management LLC grew its position in shares of ARK Innovation ETF by 550.0% during the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after purchasing an additional 550 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of ARK Innovation ETF in the second quarter worth about $32,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ARK Innovation ETF in the second quarter worth about $34,000. Finally, Brown Brothers Harriman & Co. bought a new position in ARK Innovation ETF during the third quarter valued at approximately $76,000.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK opened at $58.67 on Thursday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $63.44. The business has a 50 day simple moving average of $58.16 and a two-hundred day simple moving average of $49.97.

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.