Strategic Advisors LLC Reduces Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Strategic Advisors LLC trimmed its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,042 shares of the company’s stock after selling 779 shares during the period. Strategic Advisors LLC’s holdings in ARK Innovation ETF were worth $382,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of ARK Innovation ETF during the 2nd quarter worth approximately $26,000. Westside Investment Management Inc. increased its stake in shares of ARK Innovation ETF by 107.1% during the 1st quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in ARK Innovation ETF in the 2nd quarter worth approximately $32,000. GoalVest Advisory LLC grew its stake in ARK Innovation ETF by 124.8% in the 1st quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock worth $34,000 after acquiring an additional 372 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in ARK Innovation ETF in the 2nd quarter worth approximately $34,000.

ARK Innovation ETF Stock Down 0.8 %

ARKK stock traded down $0.36 during midday trading on Thursday, hitting $46.29. The stock had a trading volume of 2,110,489 shares, compared to its average volume of 10,560,924. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52. The company’s 50-day moving average price is $44.53 and its 200 day moving average price is $45.05.

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.