Creative Planning reduced its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 23.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,317 shares of the company’s stock after selling 11,422 shares during the quarter. Creative Planning’s holdings in ARK Innovation ETF were worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in ARK Innovation ETF by 57.6% during the first quarter. JPMorgan Chase & Co. now owns 3,890,615 shares of the company’s stock valued at $185,115,000 after acquiring an additional 1,422,495 shares in the last quarter. Ardmore Road Asset Management LP bought a new position in shares of ARK Innovation ETF during the 1st quarter valued at about $12,847,000. Allianz SE purchased a new position in shares of ARK Innovation ETF during the second quarter valued at about $18,964,000. Caption Management LLC bought a new stake in shares of ARK Innovation ETF in the first quarter worth about $7,713,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of ARK Innovation ETF in the second quarter worth about $9,243,000.
ARK Innovation ETF Trading Up 4.7%
Shares of ARK Innovation ETF stock opened at $76.79 on Tuesday. The firm has a market cap of $7.37 billion, a PE ratio of 50.14 and a beta of 1.96. The stock has a 50 day moving average of $84.43 and a 200 day moving average of $74.63. ARK Innovation ETF has a 12 month low of $38.57 and a 12 month high of $92.65.
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.
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