Candriam S.C.A. cut its position in ARK Innovation ETF (BATS:ARKK – Free Report) by 66.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,520 shares of the company’s stock after selling 71,695 shares during the quarter. Candriam S.C.A.’s holdings in ARK Innovation ETF were worth $3,176,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of ARKK. Ascension Capital Advisors Inc. boosted its holdings in ARK Innovation ETF by 2.7% in the 1st quarter. Ascension Capital Advisors Inc. now owns 382,968 shares of the company’s stock valued at $25,885,000 after purchasing an additional 9,985 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of ARK Innovation ETF during the 3rd quarter valued at $25,719,000. Envestnet Asset Management Inc. increased its holdings in shares of ARK Innovation ETF by 27.1% in the second quarter. Envestnet Asset Management Inc. now owns 225,231 shares of the company’s stock worth $18,203,000 after purchasing an additional 48,003 shares during the period. Wealthfront Advisers LLC increased its holdings in shares of ARK Innovation ETF by 2.1% in the first quarter. Wealthfront Advisers LLC now owns 156,385 shares of the company’s stock worth $10,570,000 after purchasing an additional 3,208 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of ARK Innovation ETF by 37.0% in the first quarter. NewEdge Advisors LLC now owns 148,191 shares of the company’s stock worth $10,016,000 after purchasing an additional 40,003 shares during the period.
ARK Innovation ETF Stock Performance
Shares of ARKK stock opened at $77.10 on Wednesday. ARK Innovation ETF has a 52-week low of $62.94 and a 52-week high of $94.82. The company has a market capitalization of $5.96 billion, a PE ratio of 45.30 and a beta of 2.01. The business’s fifty day moving average is $85.18 and its 200 day moving average is $78.27.
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 issued by ARK.
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