Sunbelt Securities Inc. Decreases Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Sunbelt Securities Inc. lessened its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 14.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,608 shares of the company’s stock after selling 268 shares during the period. Sunbelt Securities Inc.’s holdings in ARK Innovation ETF were worth $81,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Stifel Financial Corp grew its stake in ARK Innovation ETF by 4.3% in the 3rd quarter. Stifel Financial Corp now owns 96,073 shares of the company’s stock valued at $3,811,000 after purchasing an additional 3,942 shares during the period. Axxcess Wealth Management LLC increased its holdings in ARK Innovation ETF by 0.4% during the third quarter. Axxcess Wealth Management LLC now owns 84,489 shares of the company’s stock worth $3,352,000 after buying an additional 338 shares during the last quarter. LaSalle St. Investment Advisors LLC bought a new stake in ARK Innovation ETF in the third quarter worth about $215,000. KPP Advisory Services LLC purchased a new position in ARK Innovation ETF in the third quarter valued at about $410,000. Finally, Baker Avenue Asset Management LP grew its position in shares of ARK Innovation ETF by 8,424.6% during the 3rd quarter. Baker Avenue Asset Management LP now owns 74,931 shares of the company’s stock valued at $2,973,000 after acquiring an additional 74,052 shares during the period.

ARK Innovation ETF Stock Performance

Shares of ARKK stock opened at $43.95 on Friday. The company has a 50 day moving average of $44.15 and a 200-day moving average of $47.26. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52.

ARK Innovation ETF Company 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.