FSC Wealth Advisors LLC Sells 41,968 Shares of ARK Innovation ETF $ARKK

FSC Wealth Advisors LLC decreased its holdings in ARK Innovation ETF (BATS:ARKK) by 66.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,065 shares of the company’s stock after selling 41,968 shares during the quarter. ARK Innovation ETF accounts for about 2.6% of FSC Wealth Advisors LLC’s holdings, making the stock its 16th biggest holding. FSC Wealth Advisors LLC’s holdings in ARK Innovation ETF were worth $1,620,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of ARK Innovation ETF by 51.4% during the third quarter. JPMorgan Chase & Co. now owns 3,886,920 shares of the company’s stock worth $335,441,000 after purchasing an additional 1,320,420 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in shares of ARK Innovation ETF by 8,291.5% during the second quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after purchasing an additional 1,590,149 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of ARK Innovation ETF by 634.7% during the third quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock worth $76,386,000 after purchasing an additional 764,653 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of ARK Innovation ETF during the third quarter worth $39,269,000. Finally, Commonwealth Equity Services LLC increased its position in shares of ARK Innovation ETF by 17.1% during the third quarter. Commonwealth Equity Services LLC now owns 413,265 shares of the company’s stock worth $35,665,000 after purchasing an additional 60,451 shares in the last quarter.

ARK Innovation ETF Trading Up 0.5%

Shares of ARKK stock opened at $69.29 on Friday. The business’s fifty day simple moving average is $70.85 and its 200-day simple moving average is $78.37. The company has a market cap of $6.56 billion, a PE ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 12-month low of $43.68 and a 12-month high of $92.65.

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 issued by ARK.