Crescent Grove Advisors LLC Cuts Position in ARK Innovation ETF (NYSEARCA:ARKK)

Crescent Grove Advisors LLC trimmed its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,457 shares of the company’s stock after selling 4,801 shares during the period. Crescent Grove Advisors LLC owned about 0.06% of ARK Innovation ETF worth $5,628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cibc World Market Inc. boosted its holdings in shares of ARK Innovation ETF by 5.0% in the first quarter. Cibc World Market Inc. now owns 76,845 shares of the company’s stock valued at $5,094,000 after acquiring an additional 3,684 shares during the period. Candriam Luxembourg S.C.A. boosted its holdings in shares of ARK Innovation ETF by 100.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 35,520 shares of the company’s stock valued at $2,355,000 after acquiring an additional 17,760 shares during the period. Wsfs Capital Management LLC boosted its holdings in shares of ARK Innovation ETF by 22.9% in the first quarter. Wsfs Capital Management LLC now owns 7,776 shares of the company’s stock valued at $515,000 after acquiring an additional 1,447 shares during the period. Prudential Financial Inc. boosted its holdings in shares of ARK Innovation ETF by 26.7% in the first quarter. Prudential Financial Inc. now owns 8,554 shares of the company’s stock valued at $567,000 after acquiring an additional 1,800 shares during the period. Finally, Laurel Wealth Advisors Inc. boosted its holdings in shares of ARK Innovation ETF by 46.5% in the first quarter. Laurel Wealth Advisors Inc. now owns 58,171 shares of the company’s stock valued at $3,856,000 after acquiring an additional 18,454 shares during the period.

ARK Innovation ETF Price Performance

Shares of ARKK stock traded down $2.13 during trading hours on Monday, hitting $44.38. The stock had a trading volume of 16,018,702 shares, compared to its average volume of 14,445,016. The stock’s 50 day moving average is $49.23 and its 200 day moving average is $46.18. ARK Innovation ETF has a twelve month low of $33.76 and a twelve month high of $54.52.

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 managed by ARK.