Raymond James & Associates decreased its stake in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 15.1% during the 3rd quarter, Holdings Channel reports. The firm owned 588,223 shares of the company’s stock after selling 104,829 shares during the quarter. Raymond James & Associates’ holdings in ARK Innovation ETF were worth $27,958,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Westside Investment Management Inc. raised its stake in ARK Innovation ETF by 107.1% in the 1st quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of ARK Innovation ETF in the second quarter worth about $26,000. GoalVest Advisory LLC boosted its position in ARK Innovation ETF by 124.8% during the first quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock worth $34,000 after acquiring an additional 372 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in ARK Innovation ETF during the 2nd quarter valued at about $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in ARK Innovation ETF in the 2nd quarter valued at about $34,000.
ARK Innovation ETF Price Performance
ARKK opened at $45.76 on Thursday. The company’s 50 day simple moving average is $45.70 and its two-hundred day simple moving average is $44.91. ARK Innovation ETF has a 1-year low of $33.76 and a 1-year high of $54.52.
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.
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