Avior Wealth Management LLC Reduces Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Avior Wealth Management LLC reduced its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 32.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,591 shares of the company’s stock after selling 5,973 shares during the period. Avior Wealth Management LLC’s holdings in ARK Innovation ETF were worth $659,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ARKK. Cibc World Market Inc. raised its stake in ARK Innovation ETF by 5.0% in the first quarter. Cibc World Market Inc. now owns 76,845 shares of the company’s stock worth $5,094,000 after buying an additional 3,684 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in ARK Innovation ETF by 100.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 35,520 shares of the company’s stock worth $2,355,000 after purchasing an additional 17,760 shares during the last quarter. Wsfs Capital Management LLC boosted its holdings in ARK Innovation ETF by 22.9% in the first quarter. Wsfs Capital Management LLC now owns 7,776 shares of the company’s stock worth $515,000 after purchasing an additional 1,447 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of ARK Innovation ETF by 26.7% during the 1st quarter. Prudential Financial Inc. now owns 8,554 shares of the company’s stock worth $567,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. boosted its stake in shares of ARK Innovation ETF by 46.5% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 58,171 shares of the company’s stock worth $3,856,000 after acquiring an additional 18,454 shares during the last quarter.

ARK Innovation ETF Trading Down 1.4 %

Shares of ARK Innovation ETF stock opened at $43.02 on Thursday. The company’s fifty day simple moving average is $49.07 and its 200-day simple moving average is $46.22. ARK Innovation ETF has a 1-year low of $33.76 and a 1-year high of $54.52.

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.