Oppenheimer & Co. Inc. Has $867,000 Position in ARK Innovation ETF (NYSEARCA:ARKK)

Oppenheimer & Co. Inc. reduced its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,271 shares of the company’s stock after selling 3,082 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in ARK Innovation ETF were worth $867,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ARKK. Farther Finance Advisors LLC raised its stake in ARK Innovation ETF by 4.6% during the third quarter. Farther Finance Advisors LLC now owns 14,434 shares of the company’s stock worth $686,000 after acquiring an additional 635 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in ARK Innovation ETF during the third quarter worth $1,675,000. PDS Planning Inc acquired a new position in ARK Innovation ETF during the third quarter worth $208,000. Ascension Capital Advisors Inc. raised its stake in ARK Innovation ETF by 32.0% during the third quarter. Ascension Capital Advisors Inc. now owns 356,194 shares of the company’s stock worth $16,930,000 after acquiring an additional 86,382 shares in the last quarter. Finally, ARK Investment Management LLC acquired a new position in ARK Innovation ETF during the third quarter worth $1,028,000.

ARK Innovation ETF Stock Performance

Shares of NYSEARCA:ARKK opened at $54.70 on Thursday. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $68.43. The firm has a market cap of $5.69 billion, a PE ratio of 46.93 and a beta of 1.76. The business has a fifty day moving average of $60.23 and a 200-day moving average of $54.04.

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.