Baird Financial Group Inc. lessened its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK – Get Rating) by 16.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 294,205 shares of the company’s stock after selling 57,620 shares during the period. Baird Financial Group Inc. owned approximately 0.15% of ARK Innovation ETF worth $9,191,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. MADDEN SECURITIES Corp purchased a new stake in ARK Innovation ETF in the fourth quarter worth $30,000. Surevest LLC purchased a new stake in ARK Innovation ETF in the third quarter worth $32,000. CoreCap Advisors LLC purchased a new stake in ARK Innovation ETF in the fourth quarter worth $35,000. Richard W. Paul & Associates LLC purchased a new stake in ARK Innovation ETF in the fourth quarter worth $37,000. Finally, Arcus Capital Partners LLC purchased a new stake in ARK Innovation ETF in the fourth quarter worth $41,000.
ARK Innovation ETF Trading Down 0.4 %
ARKK stock opened at $42.51 on Friday. The business’s fifty day simple moving average is $38.65 and its two-hundred day simple moving average is $37.54. ARK Innovation ETF has a twelve month low of $29.43 and a twelve month high of $53.86.
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 managed by ARK.
Further Reading
- Get a free copy of the StockNews.com research report on ARK Innovation ETF (ARKK)
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