Focus Financial Network Inc. lowered its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 35.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,015 shares of the company’s stock after selling 8,181 shares during the period. Focus Financial Network Inc.’s holdings in ARK Innovation ETF were worth $727,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its stake in ARK Innovation ETF by 7.6% during the 4th quarter. Advisory Services Network LLC now owns 12,000 shares of the company’s stock worth $628,000 after acquiring an additional 846 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in shares of ARK Innovation ETF by 246.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 25,781 shares of the company’s stock valued at $1,350,000 after purchasing an additional 18,340 shares during the period. Banco Santander S.A. grew its holdings in shares of ARK Innovation ETF by 8.5% in the first quarter. Banco Santander S.A. now owns 16,516 shares of the company’s stock valued at $827,000 after purchasing an additional 1,290 shares in the last quarter. Leo Wealth LLC purchased a new stake in ARK Innovation ETF during the 4th quarter worth approximately $207,000. Finally, SageView Advisory Group LLC increased its stake in ARK Innovation ETF by 6.3% during the 4th quarter. SageView Advisory Group LLC now owns 10,828 shares of the company’s stock worth $567,000 after buying an additional 642 shares during the period.
ARK Innovation ETF Stock Performance
ARKK stock traded down $0.55 during midday trading on Tuesday, hitting $44.54. The company’s stock had a trading volume of 4,749,397 shares, compared to its average volume of 11,601,069. The firm has a 50-day simple moving average of $44.43 and a 200-day simple moving average of $46.06. 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.
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