ARK Innovation ETF $ARKK Shares Sold by Brookstone Capital Management

Brookstone Capital Management lowered its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 10.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 117,043 shares of the company’s stock after selling 13,210 shares during the quarter. Brookstone Capital Management owned about 0.12% of ARK Innovation ETF worth $8,227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC lifted its position in ARK Innovation ETF by 2.9% during the 2nd quarter. Fiduciary Alliance LLC now owns 6,459 shares of the company’s stock worth $454,000 after acquiring an additional 180 shares during the period. AdvisorNet Financial Inc lifted its position in ARK Innovation ETF by 4.2% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,618 shares of the company’s stock worth $325,000 after acquiring an additional 187 shares during the period. Principal Securities Inc. lifted its position in ARK Innovation ETF by 3.9% during the 1st quarter. Principal Securities Inc. now owns 6,629 shares of the company’s stock worth $315,000 after acquiring an additional 250 shares during the period. Straight Path Wealth Management lifted its position in ARK Innovation ETF by 2.4% during the 2nd quarter. Straight Path Wealth Management now owns 12,496 shares of the company’s stock worth $878,000 after acquiring an additional 292 shares during the period. Finally, IFP Advisors Inc lifted its position in ARK Innovation ETF by 2.4% during the 1st quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock worth $675,000 after acquiring an additional 334 shares during the period.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK opened at $85.35 on Thursday. The stock has a 50-day simple moving average of $81.65 and a two-hundred day simple moving average of $68.58. The firm has a market capitalization of $8.12 billion, a P/E ratio of 50.14 and a beta of 1.64. ARK Innovation ETF has a fifty-two week low of $38.57 and a fifty-two week high of $92.65.

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.