ARK Innovation ETF $ARKK Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lowered its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 20.7% during the second quarter, HoldingsChannel reports. The fund owned 33,821 shares of the company’s stock after selling 8,848 shares during the period. Kingswood Wealth Advisors LLC’s holdings in ARK Innovation ETF were worth $2,377,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of ARK Innovation ETF during the 2nd quarter worth about $28,000. SJS Investment Consulting Inc. lifted its position in shares of ARK Innovation ETF by 4,410.0% in the second quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock worth $32,000 after purchasing an additional 441 shares in the last quarter. DHJJ Financial Advisors Ltd. increased its position in ARK Innovation ETF by 51,200.0% during the second quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock worth $36,000 after buying an additional 512 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of ARK Innovation ETF in the first quarter valued at approximately $28,000. Finally, Opal Wealth Advisors LLC acquired a new stake in ARK Innovation ETF during the first quarter valued at approximately $44,000.

ARK Innovation ETF Stock Performance

Shares of ARK Innovation ETF stock opened at $91.59 on Tuesday. ARK Innovation ETF has a 52 week low of $38.57 and a 52 week high of $91.76. The firm has a fifty day moving average of $78.36 and a two-hundred day moving average of $65.56. The stock has a market capitalization of $8.82 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.