Mount Yale Investment Advisors LLC Has $3.91 Million Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Mount Yale Investment Advisors LLC trimmed its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,818 shares of the company’s stock after selling 6,956 shares during the period. Mount Yale Investment Advisors LLC’s holdings in ARK Innovation ETF were worth $3,907,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ARKK. Kingswood Wealth Advisors LLC lifted its position in shares of ARK Innovation ETF by 33.4% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 41,257 shares of the company’s stock worth $2,342,000 after purchasing an additional 10,330 shares during the period. PFG Investments LLC raised its stake in ARK Innovation ETF by 4.1% during the fourth quarter. PFG Investments LLC now owns 24,354 shares of the company’s stock worth $1,383,000 after buying an additional 952 shares during the last quarter. Summit Investment Advisory Services LLC lifted its holdings in ARK Innovation ETF by 4.1% in the fourth quarter. Summit Investment Advisory Services LLC now owns 10,731 shares of the company’s stock valued at $609,000 after buying an additional 424 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in ARK Innovation ETF by 3.0% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 34,133 shares of the company’s stock valued at $1,938,000 after buying an additional 985 shares during the period. Finally, RFG Advisory LLC bought a new stake in ARK Innovation ETF during the fourth quarter valued at $231,000.

ARK Innovation ETF Price Performance

ARKK stock opened at $62.33 on Monday. The stock has a 50-day moving average price of $59.13 and a 200-day moving average price of $50.78. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $63.61.

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.