Capital Market Strategies LLC cut its position in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,280 shares of the company’s stock after selling 398 shares during the quarter. Capital Market Strategies LLC’s holdings in ARK Innovation ETF were worth $413,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chris Bulman Inc bought a new stake in shares of ARK Innovation ETF during the 2nd quarter worth about $87,000. Ballentine Partners LLC acquired a new stake in shares of ARK Innovation ETF in the second quarter valued at $299,000. Total Investment Management Inc. boosted its stake in ARK Innovation ETF by 1.3% during the second quarter. Total Investment Management Inc. now owns 1,145,381 shares of the company’s stock valued at $50,339,000 after buying an additional 15,222 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in ARK Innovation ETF during the second quarter worth about $26,000. Finally, Choreo LLC acquired a new position in ARK Innovation ETF during the second quarter worth about $338,000.
ARK Innovation ETF Price Performance
NYSEARCA ARKK traded up $1.59 on Monday, reaching $61.41. The company’s stock had a trading volume of 5,199,857 shares, compared to its average volume of 8,659,961. The firm’s 50 day moving average is $56.64 and its two-hundred day moving average is $49.24. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $63.44.
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.
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