ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. cut its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,808 shares of the company’s stock after selling 232 shares during the quarter. Sovereign Financial Group Inc.’s holdings in ARK Innovation ETF were worth $541,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in shares of ARK Innovation ETF during the 4th quarter worth approximately $26,000. Headinvest LLC purchased a new stake in ARK Innovation ETF in the 3rd quarter valued at approximately $37,000. Mather Group LLC. acquired a new stake in ARK Innovation ETF during the 1st quarter valued at $38,000. Fortitude Family Office LLC purchased a new position in ARK Innovation ETF during the fourth quarter worth $58,000. Finally, Concord Wealth Partners raised its holdings in shares of ARK Innovation ETF by 31.8% in the fourth quarter. Concord Wealth Partners now owns 1,213 shares of the company’s stock worth $64,000 after acquiring an additional 293 shares during the last quarter.

ARK Innovation ETF Stock Performance

Shares of NYSEARCA:ARKK opened at $44.00 on Friday. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52. The stock’s fifty day simple moving average is $44.11 and its 200-day simple moving average is $47.30.

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.