ARK Innovation ETF $ARKK Stake Decreased by Blue Trust Inc.

Blue Trust Inc. cut its holdings in shares of ARK Innovation ETF (BATS:ARKK) by 25.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,923 shares of the company’s stock after selling 19,118 shares during the period. Blue Trust Inc. owned approximately 0.06% of ARK Innovation ETF worth $4,378,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC raised its stake in ARK Innovation ETF by 8,291.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock valued at $113,120,000 after acquiring an additional 1,590,149 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of ARK Innovation ETF by 51.4% in 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. Qube Research & Technologies Ltd grew its stake in shares of ARK Innovation ETF by 634.7% in 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 valued at $39,269,000. Finally, Clear Street LLC bought a new stake in shares of ARK Innovation ETF during the second quarter valued at about $19,718,000.

ARK Innovation ETF Stock Up 1.2%

Shares of BATS ARKK opened at $68.40 on Thursday. The stock has a market cap of $6.47 billion, a P/E ratio of 50.14 and a beta of 1.92. The firm’s 50-day simple moving average is $72.37 and its 200 day simple moving average is $78.95. ARK Innovation ETF has a fifty-two week low of $38.57 and a fifty-two week 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.