Private Advisor Group LLC Has $17.21 Million Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Private Advisor Group LLC decreased its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,103 shares of the company’s stock after selling 52,598 shares during the quarter. Private Advisor Group LLC owned approximately 0.18% of ARK Innovation ETF worth $17,209,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ARKK. International Assets Investment Management LLC acquired a new position in shares of ARK Innovation ETF during the 4th quarter valued at $93,781,000. Cedar Brook Financial Partners LLC bought a new stake in shares of ARK Innovation ETF during the fourth quarter valued at approximately $203,000. Blackston Financial Advisory Group LLC acquired a new position in shares of ARK Innovation ETF during the fourth quarter valued at about $233,000. Global Retirement Partners LLC lifted its holdings in shares of ARK Innovation ETF by 19.0% in the fourth quarter. Global Retirement Partners LLC now owns 6,212 shares of the company’s stock valued at $325,000 after purchasing an additional 991 shares in the last quarter. Finally, Integrated Advisors Network LLC bought a new stake in ARK Innovation ETF during the third quarter worth $206,000.

ARK Innovation ETF Stock Performance

Shares of ARKK stock traded up $1.03 during trading on Monday, reaching $46.50. 8,209,951 shares of the company’s stock traded hands, compared to its average volume of 14,118,236. The firm’s 50-day moving average is $47.67 and its 200 day moving average is $46.77. 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.