US Bancorp DE Decreases Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

US Bancorp DE cut its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 32.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,265 shares of the company’s stock after selling 1,602 shares during the period. US Bancorp DE’s holdings in ARK Innovation ETF were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in ARKK. International Assets Investment Management LLC lifted its holdings in ARK Innovation ETF by 5,773.2% in the third quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock valued at $755,420,000 after acquiring an additional 1,562,287 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of ARK Innovation ETF by 3.4% in the 3rd quarter. Blue Trust Inc. now owns 1,514,863 shares of the company’s stock valued at $66,578,000 after purchasing an additional 50,251 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of ARK Innovation ETF by 120.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock worth $62,177,000 after purchasing an additional 774,315 shares during the period. Granite Bay Wealth Management LLC increased its position in shares of ARK Innovation ETF by 3,969.2% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock worth $62,559,000 after purchasing an additional 1,357,875 shares during the last quarter. Finally, Total Investment Management Inc. raised its holdings in ARK Innovation ETF by 1.3% in the 2nd quarter. Total Investment Management Inc. now owns 1,145,381 shares of the company’s stock valued at $50,339,000 after buying an additional 15,222 shares during the period.

ARK Innovation ETF Stock Down 0.7 %

NYSEARCA ARKK opened at $53.46 on Friday. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $58.38. The firm’s 50-day moving average is $47.66 and its two-hundred day moving average is $45.56.

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.