Sovran Advisors LLC Sells 481 Shares of ARK Innovation ETF $ARKK

Sovran Advisors LLC trimmed its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,367 shares of the company’s stock after selling 481 shares during the quarter. Sovran Advisors LLC’s holdings in ARK Innovation ETF were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dynamic Advisor Solutions LLC increased its stake in ARK Innovation ETF by 1.9% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 31,852 shares of the company’s stock worth $2,239,000 after buying an additional 609 shares in the last quarter. Fiduciary Alliance LLC grew its position in ARK Innovation ETF by 2.9% in the second quarter. Fiduciary Alliance LLC now owns 6,459 shares of the company’s stock worth $454,000 after acquiring an additional 180 shares in the last quarter. Christopher J. Hasenberg Inc purchased a new position in ARK Innovation ETF in the second quarter worth about $128,000. Wealth Alliance Advisory Group LLC purchased a new position in ARK Innovation ETF in the second quarter worth about $287,000. Finally, Focus Partners Wealth grew its position 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 acquiring an additional 3,023 shares in the last quarter.

ARK Innovation ETF Trading Up 2.2%

ARKK opened at $84.96 on Friday. ARK Innovation ETF has a 12 month low of $38.57 and a 12 month high of $85.55. The stock has a 50-day moving average of $76.17 and a 200 day moving average of $62.68. The firm has a market cap of $8.22 billion, a P/E ratio of 50.14 and a beta of 1.64.

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.