Parallel Advisors LLC decreased its position in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 48.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,488 shares of the company’s stock after selling 6,903 shares during the period. Parallel Advisors LLC’s holdings in ARK Innovation ETF were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at approximately $29,000. Murphy & Mullick Capital Management Corp purchased a new stake in ARK Innovation ETF during the fourth quarter valued at approximately $38,000. GoalVest Advisory LLC lifted its position in ARK Innovation ETF by 48.4% during the first quarter. GoalVest Advisory LLC now owns 920 shares of the company’s stock valued at $44,000 after acquiring an additional 300 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at approximately $59,000. Finally, Graney & King LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at approximately $61,000.
ARK Innovation ETF Stock Up 1.4%
NYSEARCA:ARKK opened at $57.94 on Wednesday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $68.43. The firm has a 50 day moving average of $50.61 and a 200 day moving average of $55.58. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 36.42 and a beta of 1.92.
ARK Innovation ETF 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.
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