PFG Advisors lowered its position in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 48,834 shares of the company’s stock after selling 2,302 shares during the quarter. PFG Advisors’ holdings in ARK Innovation ETF were worth $3,433,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of ARKK. SVB Wealth LLC purchased a new position in shares of ARK Innovation ETF in the 1st quarter worth $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in ARK Innovation ETF in the 2nd quarter worth $28,000. SJS Investment Consulting Inc. grew its position in shares of ARK Innovation ETF by 4,410.0% during the second quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock worth $32,000 after purchasing an additional 441 shares in the last quarter. DHJJ Financial Advisors Ltd. boosted its position in shares of ARK Innovation ETF by 51,200.0% during the second quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock worth $36,000 after acquiring an additional 512 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of ARK Innovation ETF during the first quarter valued at about $48,000.
ARK Innovation ETF Stock Down 0.2%
ARK Innovation ETF stock opened at $80.75 on Monday. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96. ARK Innovation ETF has a 52-week low of $38.57 and a 52-week high of $92.65. The firm’s fifty day moving average is $84.28 and its 200 day moving average is $72.59.
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.
Read More
- Five stocks we like better than ARK Innovation ETF
- 3 Warren Buffett Stocks to Buy Now
- 3 Alternative Energy ETFs That Are Crushing the Market This Year
- Stock Average Calculator
- 3 Big Earnings Misses: Is It Time to Buy the Dip?
- What is diluted earnings per share (Diluted EPS)?
- Is Robinhood’s 11% Post-Earnings Fall a Buy-the-Dip Opportunity?
Want to see what other hedge funds are holding ARKK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARK Innovation ETF (NYSEARCA:ARKK – Free Report).
Receive News & Ratings for ARK Innovation ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARK Innovation ETF and related companies with MarketBeat.com's FREE daily email newsletter.
