Apella Capital LLC Trims Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Apella Capital LLC trimmed its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 16.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,899 shares of the company’s stock after selling 7,045 shares during the period. Apella Capital LLC’s holdings in ARK Innovation ETF were worth $1,981,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ARKK. Ashton Thomas Private Wealth LLC purchased a new stake in ARK Innovation ETF in the second quarter worth about $26,000. Global Trust Asset Management LLC raised its position in shares of ARK Innovation ETF by 550.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after acquiring an additional 550 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of ARK Innovation ETF in the 2nd quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of ARK Innovation ETF during the second quarter valued at approximately $34,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in ARK Innovation ETF in the third quarter worth $76,000.

ARK Innovation ETF Stock Up 4.0 %

NYSEARCA:ARKK opened at $58.69 on Wednesday. The firm’s 50-day moving average price is $58.16 and its 200-day moving average price is $49.97. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $63.44.

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.