ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Vivaldi Capital Management LP

Vivaldi Capital Management LP trimmed its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 22.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,471 shares of the company’s stock after selling 2,187 shares during the period. Vivaldi Capital Management LP’s holdings in ARK Innovation ETF were worth $454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in ARK Innovation ETF during the fourth quarter valued at approximately $54,586,000. Strategic Financial Concepts LLC acquired a new position in shares of ARK Innovation ETF during the fourth quarter worth $514,000. Envestnet Asset Management Inc. lifted its position in shares of ARK Innovation ETF by 69.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 535,428 shares of the company’s stock worth $30,396,000 after purchasing an additional 219,092 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of ARK Innovation ETF by 7.3% during the fourth quarter. Cresset Asset Management LLC now owns 465,030 shares of the company’s stock worth $26,400,000 after purchasing an additional 31,595 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of ARK Innovation ETF by 10,526.8% during the fourth quarter. Toronto Dominion Bank now owns 457,697 shares of the company’s stock worth $25,983,000 after purchasing an additional 453,390 shares in the last quarter.

ARK Innovation ETF Trading Down 1.7%

NYSEARCA ARKK opened at $57.40 on Tuesday. The company’s fifty day simple moving average is $49.26 and its 200-day simple moving average is $55.32. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $68.43. The stock has a market cap of $5.85 billion, a P/E ratio of 32.74 and a beta of 1.94.

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.