ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by American Financial Advisors LLC

American Financial Advisors LLC cut its position in ARK Innovation ETF (NYSEARCA:ARKK) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 177,067 shares of the company’s stock after selling 12,038 shares during the period. ARK Innovation ETF makes up 1.4% of American Financial Advisors LLC’s holdings, making the stock its 23rd largest position. American Financial Advisors LLC owned approximately 0.10% of ARK Innovation ETF worth $9,273,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Clear Creek Financial Management LLC increased its holdings in shares of ARK Innovation ETF by 1.7% in the fourth quarter. Clear Creek Financial Management LLC now owns 14,042 shares of the company’s stock valued at $735,000 after purchasing an additional 229 shares during the period. Signaturefd LLC grew its holdings in ARK Innovation ETF by 3.5% during the third quarter. Signaturefd LLC now owns 7,496 shares of the company’s stock worth $297,000 after acquiring an additional 255 shares during the period. Private Trust Co. NA grew its holdings in ARK Innovation ETF by 8.0% during the third quarter. Private Trust Co. NA now owns 3,679 shares of the company’s stock worth $146,000 after acquiring an additional 271 shares during the period. Hollencrest Capital Management grew its holdings in ARK Innovation ETF by 74.5% during the first quarter. Hollencrest Capital Management now owns 698 shares of the company’s stock worth $28,000 after acquiring an additional 298 shares during the period. Finally, Diligent Investors LLC grew its holdings in ARK Innovation ETF by 3.5% during the fourth quarter. Diligent Investors LLC now owns 9,052 shares of the company’s stock worth $474,000 after acquiring an additional 305 shares during the period.

ARK Innovation ETF Stock Down 2.1 %

ARK Innovation ETF stock traded down $0.91 during midday trading on Friday, hitting $42.00. 14,687,107 shares of the company were exchanged, compared to its average volume of 14,407,366. ARK Innovation ETF has a fifty-two week low of $33.76 and a fifty-two week high of $54.52. The business has a fifty day simple moving average of $48.96 and a two-hundred day simple moving average of $46.20.

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.