Intrepid Financial Planning Group LLC Cuts Stock Holdings in ARK Innovation ETF $ARKK

Intrepid Financial Planning Group LLC reduced its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,500 shares of the company’s stock after selling 709 shares during the quarter. ARK Innovation ETF comprises approximately 1.0% of Intrepid Financial Planning Group LLC’s portfolio, making the stock its 22nd biggest holding. Intrepid Financial Planning Group LLC’s holdings in ARK Innovation ETF were worth $2,495,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Sowell Financial Services LLC purchased a new stake in ARK Innovation ETF during the second quarter valued at about $394,000. IFP Advisors Inc lifted its position in ARK Innovation ETF by 2.4% in 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 during the last quarter. Allianz SE purchased a new stake in ARK Innovation ETF in the second quarter worth approximately $18,964,000. Bank of New York Mellon Corp raised its stake in shares of ARK Innovation ETF by 24.0% during the first quarter. Bank of New York Mellon Corp now owns 4,910 shares of the company’s stock worth $234,000 after acquiring an additional 951 shares in the last quarter. Finally, Integrity Alliance LLC. bought a new stake in shares of ARK Innovation ETF in the 1st quarter worth approximately $327,000.

ARK Innovation ETF Stock Down 0.7%

Shares of NYSEARCA:ARKK opened at $74.97 on Wednesday. The stock has a market cap of $7.20 billion, a PE ratio of 50.14 and a beta of 1.96. The company’s fifty day moving average is $84.75 and its 200 day moving average is $73.96. ARK Innovation ETF has a 52 week low of $38.57 and a 52 week high of $92.65.

ARK Innovation ETF 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.