CoreCap Advisors LLC Cuts Stake in ARK Innovation ETF (NYSEARCA:ARKK)

CoreCap Advisors LLC reduced its position in ARK Innovation ETF (NYSEARCA:ARKK) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,106 shares of the company’s stock after selling 225 shares during the quarter. CoreCap Advisors LLC’s holdings in ARK Innovation ETF were worth $63,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ARKK. Bellwether Advisors LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter valued at approximately $29,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of ARK Innovation ETF in the 4th quarter valued at approximately $38,000. Graney & King LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter valued at approximately $61,000. Kestra Investment Management LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter valued at approximately $68,000. Finally, Transce3nd LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter valued at approximately $89,000.

ARK Innovation ETF Stock Performance

ARK Innovation ETF stock opened at $57.41 on Wednesday. The business’s 50-day simple moving average is $48.63 and its two-hundred day simple moving average is $54.99. The company has a market cap of $5.85 billion, a PE ratio of 32.74 and a beta of 1.94. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43.

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.