ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lessened its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,652 shares of the company’s stock after selling 1,253 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in ARK Innovation ETF were worth $775,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ARKK. Global Trust Asset Management LLC boosted its stake in shares of ARK Innovation ETF by 550.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after buying an additional 550 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in ARK Innovation ETF during the 2nd quarter worth $32,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of ARK Innovation ETF in the 2nd quarter worth about $34,000. Brown Brothers Harriman & Co. acquired a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at about $76,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at about $86,000.

ARK Innovation ETF Trading Down 0.6 %

NYSEARCA:ARKK opened at $62.33 on Friday. ARK Innovation ETF has a one year low of $36.85 and a one year high of $63.61. The stock has a 50-day simple moving average of $59.13 and a 200 day simple moving average of $50.75.

About ARK Innovation ETF

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.