Cladis Investment Advisory LLC Sells 2,900 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Cladis Investment Advisory LLC lowered its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 15.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,520 shares of the company’s stock after selling 2,900 shares during the quarter. Cladis Investment Advisory LLC’s holdings in ARK Innovation ETF were worth $813,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of ARK Innovation ETF by 5.1% during the third quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock valued at $377,821,000 after acquiring an additional 460,104 shares in the last quarter. LPL Financial LLC raised its holdings in shares of ARK Innovation ETF by 2.5% during the third quarter. LPL Financial LLC now owns 3,631,858 shares of the company’s stock valued at $144,076,000 after acquiring an additional 89,000 shares in the last quarter. Citigroup Inc. grew its stake in ARK Innovation ETF by 11.3% in the third quarter. Citigroup Inc. now owns 3,227,469 shares of the company’s stock worth $128,034,000 after purchasing an additional 328,088 shares during the period. International Assets Investment Management LLC purchased a new stake in ARK Innovation ETF in the fourth quarter worth $93,781,000. Finally, Raymond James & Associates grew its stake in ARK Innovation ETF by 5.8% in the fourth quarter. Raymond James & Associates now owns 951,484 shares of the company’s stock worth $49,829,000 after purchasing an additional 52,574 shares during the period.

ARK Innovation ETF Price Performance

ARKK stock traded down $0.96 during midday trading on Friday, hitting $43.80. The stock had a trading volume of 8,128,791 shares, compared to its average volume of 13,214,921. The business has a 50-day moving average of $44.88 and a two-hundred day moving average of $47.58. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52.

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.