Retirement Guys Formula LLC Cuts Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Retirement Guys Formula LLC lessened its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 20.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 16,153 shares of the company’s stock after selling 4,035 shares during the quarter. Retirement Guys Formula LLC’s holdings in ARK Innovation ETF were worth $809,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in ARK Innovation ETF in the 4th quarter worth approximately $26,000. Westside Investment Management Inc. boosted its stake in shares of ARK Innovation ETF by 107.1% in the 1st quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. GoalVest Advisory LLC boosted its stake in shares of ARK Innovation ETF by 124.8% in the 1st quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock valued at $34,000 after purchasing an additional 372 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of ARK Innovation ETF in the 1st quarter valued at $38,000. Finally, Headinvest LLC purchased a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at $37,000.

ARK Innovation ETF Price Performance

Shares of ARK Innovation ETF stock traded up $0.79 during trading on Thursday, reaching $45.61. The company’s stock had a trading volume of 7,347,462 shares, compared to its average volume of 12,405,846. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52. The firm’s 50-day moving average is $44.24 and its two-hundred day moving average is $47.13.

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.