ARK Innovation ETF $ARKK Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its stake in shares of ARK Innovation ETF (BATS:ARKK) by 92.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,145 shares of the company’s stock after selling 38,128 shares during the quarter. Integrated Advisors Network LLC’s holdings in ARK Innovation ETF were worth $213,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Focus Partners Wealth increased its holdings in shares of ARK Innovation ETF by 74.2% in the first quarter. Focus Partners Wealth now owns 7,095 shares of the company’s stock valued at $338,000 after purchasing an additional 3,023 shares during the period. Franklin Resources Inc. acquired a new stake in shares of ARK Innovation ETF during the second quarter worth $117,000. Qube Research & Technologies Ltd lifted its holdings in shares of ARK Innovation ETF by 15.4% during the second quarter. Qube Research & Technologies Ltd now owns 120,468 shares of the company’s stock worth $8,468,000 after purchasing an additional 16,052 shares during the period. Quantinno Capital Management LP purchased a new position in ARK Innovation ETF in the 2nd quarter valued at $450,000. Finally, Ausdal Financial Partners Inc. grew its position in ARK Innovation ETF by 34.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 22,403 shares of the company’s stock valued at $1,575,000 after buying an additional 5,769 shares during the last quarter.

ARK Innovation ETF Stock Performance

ARKK traded down $1.28 during trading on Friday, hitting $80.25. The stock had a trading volume of 5,393,616 shares, compared to its average volume of 8,898,063. The firm has a market capitalization of $7.60 billion, a P/E ratio of 50.14 and a beta of 1.92. The company’s 50-day moving average price is $78.31 and its 200 day moving average price is $75.97. ARK Innovation ETF has a twelve month low of $62.94 and a twelve month high of $92.65.

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 issued by ARK.