Richardson Capital Management LLC Sells 7,564 Shares of ARK Innovation ETF $ARKK

Richardson Capital Management LLC decreased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 93.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 526 shares of the company’s stock after selling 7,564 shares during the quarter. Richardson Capital Management LLC’s holdings in ARK Innovation ETF were worth $45,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Focus Partners Wealth increased its stake in ARK Innovation ETF by 74.2% in the first quarter. Focus Partners Wealth now owns 7,095 shares of the company’s stock worth $338,000 after purchasing an additional 3,023 shares during the period. Covenant Asset Management LLC purchased a new position in shares of ARK Innovation ETF during the second quarter worth approximately $268,000. Venture Visionary Partners LLC raised its stake in shares of ARK Innovation ETF by 2.6% during the second quarter. Venture Visionary Partners LLC now owns 284,547 shares of the company’s stock valued at $20,001,000 after acquiring an additional 7,145 shares in the last quarter. PFG Investments LLC boosted its holdings in shares of ARK Innovation ETF by 6.9% in the second quarter. PFG Investments LLC now owns 27,333 shares of the company’s stock valued at $1,921,000 after purchasing an additional 1,755 shares during the period. Finally, Vigilare Wealth Management bought a new position in ARK Innovation ETF in the second quarter worth approximately $527,000.

ARK Innovation ETF Stock Down 1.9%

ARKK opened at $80.70 on Monday. ARK Innovation ETF has a 52 week low of $38.57 and a 52 week high of $92.65. The company has a market capitalization of $7.28 billion, a P/E ratio of 50.14 and a beta of 1.96. The stock’s fifty day moving average is $79.63 and its two-hundred day moving average is $80.14.

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.