JPMorgan Chase & Co. Decreases Position in ARK Innovation ETF (NYSEARCA:ARKK)

JPMorgan Chase & Co. trimmed its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 13.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,894,525 shares of the company’s stock after selling 622,007 shares during the quarter. JPMorgan Chase & Co.’s holdings in ARK Innovation ETF were worth $185,107,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ARKK. Ashton Thomas Private Wealth LLC acquired a new stake in shares of ARK Innovation ETF during the second quarter worth about $26,000. Global Trust Asset Management LLC grew its stake in ARK Innovation ETF by 550.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $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 second quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL purchased a new stake in ARK Innovation ETF in the second quarter valued at approximately $34,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of ARK Innovation ETF in the third quarter valued at approximately $76,000.

ARK Innovation ETF Stock Down 1.5 %

Shares of ARK Innovation ETF stock opened at $56.77 on Wednesday. The firm’s fifty day simple moving average is $55.98 and its 200-day simple moving average is $48.94. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $63.44.

ARK Innovation ETF Company 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.