PFG Advisors Sells 19,326 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

PFG Advisors cut its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 22.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,404 shares of the company’s stock after selling 19,326 shares during the period. PFG Advisors’ holdings in ARK Innovation ETF were worth $2,918,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ARKK. Granite Bay Wealth Management LLC boosted its stake in shares of ARK Innovation ETF by 3,969.2% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock worth $62,559,000 after purchasing an additional 1,357,875 shares during the period. Total Investment Management Inc. boosted its stake in shares of ARK Innovation ETF by 8,939.1% during the 1st quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock worth $56,598,000 after purchasing an additional 1,117,656 shares during the period. McCarthy & Cox purchased a new position in shares of ARK Innovation ETF during the 1st quarter worth about $16,409,000. Global Assets Advisory LLC purchased a new position in shares of ARK Innovation ETF during the 1st quarter worth about $15,603,000. Finally, Cowen AND Company LLC boosted its stake in shares of ARK Innovation ETF by 1,048.3% during the 2nd quarter. Cowen AND Company LLC now owns 275,950 shares of the company’s stock worth $12,128,000 after purchasing an additional 251,918 shares during the period.

ARK Innovation ETF Stock Up 1.7 %

ARKK stock opened at $44.96 on Friday. ARK Innovation ETF has a 12 month low of $33.76 and a 12 month high of $54.52. The company has a 50-day moving average price of $44.48 and a 200 day moving average price of $45.54.

ARK Innovation ETF Company 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.