Prime Capital Investment Advisors LLC Sells 2,505 Shares of ARK Innovation ETF $ARKK

Prime Capital Investment Advisors LLC trimmed its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 37.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,133 shares of the company’s stock after selling 2,505 shares during the period. Prime Capital Investment Advisors LLC’s holdings in ARK Innovation ETF were worth $290,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of ARK Innovation ETF by 303.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 112,074 shares of the company’s stock worth $5,332,000 after buying an additional 84,269 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of ARK Innovation ETF by 10.2% during the 1st quarter. Farther Finance Advisors LLC now owns 14,917 shares of the company’s stock worth $713,000 after buying an additional 1,376 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of ARK Innovation ETF during the 2nd quarter worth approximately $394,000. IFP Advisors Inc boosted its holdings in shares of ARK Innovation ETF by 2.4% during the 1st quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock worth $675,000 after buying an additional 334 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of ARK Innovation ETF by 24.0% during the 1st quarter. Bank of New York Mellon Corp now owns 4,910 shares of the company’s stock worth $234,000 after buying an additional 951 shares in the last quarter.

ARK Innovation ETF Stock Performance

ARK Innovation ETF stock opened at $86.52 on Friday. ARK Innovation ETF has a 52-week low of $38.57 and a 52-week high of $92.65. The stock’s 50 day moving average price is $79.62 and its two-hundred day moving average price is $66.49. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 50.14 and a beta of 1.64.

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.