Kingsview Wealth Management LLC Sells 1,924 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Kingsview Wealth Management LLC cut its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 3.7% during the fourth quarter, Holdings Channel reports. The firm owned 50,445 shares of the company’s stock after selling 1,924 shares during the quarter. Kingsview Wealth Management LLC’s holdings in ARK Innovation ETF were worth $2,864,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARKK. Caprock Group LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter worth $293,000. SFG Wealth Management LLC. bought a new stake in ARK Innovation ETF in the 4th quarter valued at $224,000. Renaissance Technologies LLC purchased a new stake in ARK Innovation ETF in the 2nd quarter worth $246,000. Barclays PLC boosted its holdings in shares of ARK Innovation ETF by 100.6% during the 3rd quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after purchasing an additional 32,679 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of ARK Innovation ETF during the third quarter valued at about $1,675,000.

ARK Innovation ETF Trading Up 0.1 %

NYSEARCA:ARKK opened at $62.76 on Monday. The business’s 50-day moving average is $60.37 and its 200 day moving average is $51.85. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $64.72.

ARK Innovation ETF Company 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.