Dynamic Advisor Solutions LLC Sells 23,213 Shares of ARK Innovation ETF $ARKK

Dynamic Advisor Solutions LLC trimmed its stake in ARK Innovation ETF (BATS:ARKK) by 69.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,428 shares of the company’s stock after selling 23,213 shares during the period. Dynamic Advisor Solutions LLC’s holdings in ARK Innovation ETF were worth $802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ARKK. Focus Partners Wealth grew its position in ARK Innovation ETF by 74.2% during the first quarter. Focus Partners Wealth now owns 7,095 shares of the company’s stock worth $338,000 after buying an additional 3,023 shares in the last quarter. Franklin Resources Inc. acquired a new position in ARK Innovation ETF in the 2nd quarter valued at approximately $117,000. Global Retirement Partners LLC bought a new stake in shares of ARK Innovation ETF in the 2nd quarter worth approximately $490,000. CreativeOne Wealth LLC lifted its position in shares of ARK Innovation ETF by 8.1% in the 2nd quarter. CreativeOne Wealth LLC now owns 11,402 shares of the company’s stock worth $801,000 after acquiring an additional 856 shares during the period. Finally, Financial Advocates Investment Management grew its holdings in shares of ARK Innovation ETF by 5.1% during the 2nd quarter. Financial Advocates Investment Management now owns 7,751 shares of the company’s stock worth $545,000 after purchasing an additional 379 shares in the last quarter.

ARK Innovation ETF Trading Down 3.6%

Shares of BATS:ARKK opened at $67.39 on Friday. The firm has a market capitalization of $6.38 billion, a PE ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 1-year low of $38.57 and a 1-year high of $92.65. The business’s 50 day moving average is $73.58 and its 200-day moving average is $79.22.

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 issued by ARK.