SG Americas Securities LLC Sells 60,692 Shares of ARK Innovation ETF $ARKK

SG Americas Securities LLC decreased its stake in ARK Innovation ETF (BATS:ARKK) by 70.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,371 shares of the company’s stock after selling 60,692 shares during the quarter. SG Americas Securities LLC’s holdings in ARK Innovation ETF were worth $1,952,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ARKK. Caitlin John LLC bought a new position in shares of ARK Innovation ETF during the 3rd quarter valued at approximately $27,000. Addison Advisors LLC bought a new stake in ARK Innovation ETF during the 3rd quarter worth approximately $28,000. New Millennium Group LLC bought a new stake in ARK Innovation ETF during the 3rd quarter worth approximately $31,000. Wealth Watch Advisors INC purchased a new position in ARK Innovation ETF during the third quarter valued at approximately $32,000. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in ARK Innovation ETF by 1,635.7% during the second quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock valued at $34,000 after purchasing an additional 458 shares in the last quarter.

ARK Innovation ETF Price Performance

ARKK opened at $68.56 on Monday. The company has a 50 day simple moving average of $71.86 and a two-hundred day simple moving average of $78.79. The firm has a market cap of $6.49 billion, a P/E ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 1-year low of $38.57 and a 1-year high of $92.65.

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.