Wealthfront Advisers LLC Reduces Position in ARK Innovation ETF $ARKK

Wealthfront Advisers LLC lessened its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 142,499 shares of the company’s stock after selling 8,119 shares during the quarter. Wealthfront Advisers LLC owned approximately 0.15% of ARK Innovation ETF worth $10,016,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Whipplewood Advisors LLC boosted its stake in shares of ARK Innovation ETF by 2,948.7% during the second quarter. Whipplewood Advisors LLC now owns 42,895 shares of the company’s stock valued at $3,015,000 after purchasing an additional 41,488 shares during the period. Brighton Jones LLC purchased a new stake in shares of ARK Innovation ETF during the second quarter valued at approximately $263,000. Blue Sky Capital Consultants Group Inc. boosted its stake in shares of ARK Innovation ETF by 9.4% during the second quarter. Blue Sky Capital Consultants Group Inc. now owns 92,633 shares of the company’s stock valued at $6,511,000 after purchasing an additional 7,936 shares during the period. Moloney Securities Asset Management LLC purchased a new stake in shares of ARK Innovation ETF during the second quarter valued at approximately $215,000. Finally, KPP Advisory Services LLC purchased a new stake in shares of ARK Innovation ETF during the second quarter valued at approximately $234,000.

ARK Innovation ETF Stock Performance

NYSEARCA:ARKK opened at $89.33 on Monday. The firm has a market cap of $8.58 billion, a PE ratio of 50.14 and a beta of 1.64. The business has a 50 day moving average price of $82.11 and a 200-day moving average price of $69.59. ARK Innovation ETF has a fifty-two week low of $38.57 and a fifty-two week 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 managed by ARK.