Thrivent Financial for Lutherans Sells 4,212 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Thrivent Financial for Lutherans lessened its position in ARK Innovation ETF (NYSEARCA:ARKK) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 80,042 shares of the company’s stock after selling 4,212 shares during the period. Thrivent Financial for Lutherans’ holdings in ARK Innovation ETF were worth $4,544,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ARKK. Kestra Investment Management LLC bought a new position in ARK Innovation ETF in the 4th quarter valued at approximately $68,000. Brown Brothers Harriman & Co. bought a new stake in ARK Innovation ETF in the 3rd quarter worth about $76,000. Hobbs Group Advisors LLC purchased a new position in ARK Innovation ETF in the 3rd quarter worth about $86,000. Mainstream Capital Management LLC bought a new position in ARK Innovation ETF during the 4th quarter valued at about $99,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of ARK Innovation ETF during the 4th quarter valued at about $114,000.

ARK Innovation ETF Stock Up 5.2 %

ARKK opened at $54.18 on Tuesday. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89. The firm has a 50 day moving average price of $58.04 and a 200-day moving average price of $54.60. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $68.43.

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.