Larson Financial Group LLC Lowers Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Larson Financial Group LLC lowered its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,917 shares of the company’s stock after selling 857 shares during the period. Larson Financial Group LLC’s holdings in ARK Innovation ETF were worth $100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARKK. Significant Wealth Partners LLC purchased a new position in shares of ARK Innovation ETF during the fourth quarter valued at approximately $239,000. Rainey & Randall Investment Management Inc. raised its position in shares of ARK Innovation ETF by 28.7% in the 4th quarter. Rainey & Randall Investment Management Inc. now owns 11,287 shares of the company’s stock worth $591,000 after purchasing an additional 2,515 shares during the last quarter. Klingenstein Fields & Co. LP raised its holdings in ARK Innovation ETF by 5.1% in the fourth quarter. Klingenstein Fields & Co. LP now owns 274,256 shares of the company’s stock worth $14,363,000 after buying an additional 13,236 shares during the last quarter. CWM LLC lifted its position in ARK Innovation ETF by 10.2% in the 4th quarter. CWM LLC now owns 110,807 shares of the company’s stock valued at $5,803,000 after acquiring an additional 10,224 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of ARK Innovation ETF by 36.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 24,904 shares of the company’s stock valued at $1,304,000 after purchasing an additional 6,683 shares in the last quarter.

ARK Innovation ETF Stock Performance

ARKK opened at $43.61 on Friday. The company’s 50-day simple moving average is $48.28 and its two-hundred day simple moving average is $46.35. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52.

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.