Interchange Capital Partners LLC Lowers Position in ARK Innovation ETF (NYSEARCA:ARKK)

Interchange Capital Partners LLC trimmed its position in ARK Innovation ETF (NYSEARCA:ARKK) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,121 shares of the company’s stock after selling 406 shares during the period. Interchange Capital Partners LLC’s holdings in ARK Innovation ETF were worth $291,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of ARK Innovation ETF during the 4th quarter valued at $68,000. Brown Brothers Harriman & Co. bought a new stake in ARK Innovation ETF during the third quarter worth about $76,000. Hobbs Group Advisors LLC purchased a new stake in ARK Innovation ETF in the third quarter worth about $86,000. Mainstream Capital Management LLC bought a new position in shares of ARK Innovation ETF during the fourth quarter valued at approximately $99,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of ARK Innovation ETF during the fourth quarter valued at approximately $114,000.

ARK Innovation ETF Stock Up 5.2 %

Shares of ARKK opened at $54.18 on Tuesday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $68.43. The stock has a market cap of $5.94 billion, a P/E ratio of 41.12 and a beta of 1.89. The business’s 50 day moving average price is $58.04 and its 200-day moving average price is $54.60.

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.