Strategic Advisors LLC Reduces Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Strategic Advisors LLC cut its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report ) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,042 shares of the company’s stock after selling 779 shares during the period. Strategic Advisors LLC’s holdings in ARK Innovation ETF were worth $382,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of ARK Innovation ETF in the second quarter valued at approximately $26,000. Westside Investment Management Inc. raised its stake in shares of ARK Innovation ETF by 107.1% in the first quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock worth $29,000 after buying an additional 300 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in ARK Innovation ETF in the second quarter valued at about $32,000. GoalVest Advisory LLC raised its stake in ARK Innovation ETF by 124.8% in 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 period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in ARK Innovation ETF in the second quarter valued at approximately $34,000.

ARK Innovation ETF stock down 0.8%

Shares of ARKK traded down $0.36 during midday trading on Thursday, hitting $46.29. The stock had a trading volume of 2,110,489 shares, compared to its average volume of 10,560,924. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52. The company’s 50-day moving average price is $44.53 and its 200-day moving average price is $45.05.

ARK Innovation ETF profile

(Free report)

ARK Innovation ETF (ARKK) is an exchange-traded fund that invests primarily in stocks based on a specific theme. The fund is an actively managed fund that seeks long-term capital growth from companies globally involved with or benefiting from disruptive innovation. ARKK was launched on October 31, 2014 and is managed by ARK.

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