Lincoln National Corp Reduces Position in ARK Innovation ETF (NYSEARCA:ARKK)

Lincoln National Corp lessened its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,309 shares of the company’s stock after selling 3,571 shares during the quarter. Lincoln National Corp’s holdings in ARK Innovation ETF were worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of ARKK. Morgan Stanley lifted its stake in shares of ARK Innovation ETF by 5.1% during the 3rd quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock valued at $377,821,000 after buying an additional 460,104 shares in the last quarter. LPL Financial LLC lifted its stake in shares of ARK Innovation ETF by 2.5% during the 3rd quarter. LPL Financial LLC now owns 3,631,858 shares of the company’s stock valued at $144,076,000 after buying an additional 89,000 shares in the last quarter. Citigroup Inc. lifted its stake in shares of ARK Innovation ETF by 11.3% during the 3rd quarter. Citigroup Inc. now owns 3,227,469 shares of the company’s stock valued at $128,034,000 after buying an additional 328,088 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of ARK Innovation ETF during the 4th quarter valued at $93,781,000. Finally, Raymond James & Associates lifted its stake in shares of ARK Innovation ETF by 5.8% during the 4th quarter. Raymond James & Associates now owns 951,484 shares of the company’s stock valued at $49,829,000 after buying an additional 52,574 shares in the last quarter.

ARK Innovation ETF Trading Down 0.6 %

Shares of NYSEARCA ARKK opened at $44.16 on Friday. The firm’s fifty day moving average is $47.28 and its two-hundred day moving average is $46.80. 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.