Saxon Interests Inc. Cuts Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Saxon Interests Inc. lowered its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 17.7% during the fourth quarter, HoldingsChannel reports. The firm owned 5,364 shares of the company’s stock after selling 1,156 shares during the period. Saxon Interests Inc.’s holdings in ARK Innovation ETF were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Global Trust Asset Management LLC increased its stake in ARK Innovation ETF by 550.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the period. Hershey Financial Advisers LLC acquired a new stake in shares of ARK Innovation ETF during the second quarter valued at about $32,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ARK Innovation ETF during the second quarter worth about $34,000. Brown Brothers Harriman & Co. acquired a new position in shares of ARK Innovation ETF in the third quarter worth about $76,000. Finally, Hobbs Group Advisors LLC purchased a new position in ARK Innovation ETF in the third quarter valued at about $86,000.

ARK Innovation ETF Stock Up 1.7 %

ARKK opened at $59.75 on Friday. The firm’s fifty day moving average price is $58.29 and its 200 day moving average price is $50.03. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $63.44.

About ARK Innovation ETF

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.