ARK Innovation ETF $ARKK Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. decreased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 60.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,202 shares of the company’s stock after selling 6,507 shares during the quarter. Harbour Investments Inc.’s holdings in ARK Innovation ETF were worth $295,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in shares of ARK Innovation ETF during the second quarter worth $394,000. IFP Advisors Inc raised its position in shares of ARK Innovation ETF by 2.4% in the 1st quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock worth $675,000 after buying an additional 334 shares during the period. Bank of New York Mellon Corp raised its position in shares of ARK Innovation ETF by 24.0% in the 1st quarter. Bank of New York Mellon Corp now owns 4,910 shares of the company’s stock worth $234,000 after buying an additional 951 shares during the period. Integrity Alliance LLC. purchased a new position in shares of ARK Innovation ETF in the 1st quarter worth $327,000. Finally, Avantax Advisory Services Inc. raised its position in shares of ARK Innovation ETF by 8.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 42,798 shares of the company’s stock worth $2,036,000 after buying an additional 3,183 shares during the period.

ARK Innovation ETF Trading Down 1.5%

Shares of ARKK opened at $88.65 on Wednesday. The firm has a market capitalization of $8.43 billion, a P/E ratio of 50.14 and a beta of 1.64. The stock’s fifty day simple moving average is $81.50 and its 200 day simple moving average is $68.46. ARK Innovation ETF has a twelve month low of $38.57 and a twelve month high of $92.65.

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.