HB Wealth Management LLC lessened its holdings in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,180 shares of the company’s stock after selling 927 shares during the quarter. HB Wealth Management LLC’s holdings in ARK Innovation ETF were worth $575,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of ARK Innovation ETF in the second quarter worth $28,000. SJS Investment Consulting Inc. lifted its position in shares of ARK Innovation ETF by 4,410.0% in the second quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock worth $32,000 after purchasing an additional 441 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of ARK Innovation ETF in the first quarter worth $28,000. Opal Wealth Advisors LLC bought a new stake in shares of ARK Innovation ETF in the first quarter worth $44,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of ARK Innovation ETF in the first quarter worth $48,000.
ARK Innovation ETF Stock Down 1.0%
Shares of ARKK stock opened at $88.32 on Friday. The company’s fifty day simple moving average is $78.07 and its 200-day simple moving average is $65.17. ARK Innovation ETF has a 12 month low of $38.57 and a 12 month high of $89.62. The firm has a market cap of $8.32 billion, a PE ratio of 50.14 and a beta of 1.64.
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.
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