Focus Financial Network Inc. Has $599,000 Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Focus Financial Network Inc. lowered its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 16.1% during the third quarter, Holdings Channel reports. The institutional investor owned 12,598 shares of the company’s stock after selling 2,417 shares during the quarter. Focus Financial Network Inc.’s holdings in ARK Innovation ETF were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Arkadios Wealth Advisors raised its holdings in shares of ARK Innovation ETF by 1.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 14,929 shares of the company’s stock worth $656,000 after buying an additional 221 shares in the last quarter. Mcdonald Partners LLC raised its stake in ARK Innovation ETF by 1.9% during the second quarter. Mcdonald Partners LLC now owns 12,038 shares of the company’s stock worth $529,000 after acquiring an additional 225 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of ARK Innovation ETF by 6.4% during the second quarter. Sound Income Strategies LLC now owns 4,037 shares of the company’s stock valued at $177,000 after acquiring an additional 243 shares during the period. HBK Sorce Advisory LLC boosted its stake in shares of ARK Innovation ETF by 1.5% in the 1st quarter. HBK Sorce Advisory LLC now owns 17,899 shares of the company’s stock valued at $896,000 after purchasing an additional 260 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its holdings in shares of ARK Innovation ETF by 1.9% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 14,501 shares of the company’s stock worth $726,000 after purchasing an additional 277 shares during the last quarter.

ARK Innovation ETF Trading Up 1.6 %

Shares of ARK Innovation ETF stock opened at $46.64 on Friday. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $54.52. The company has a 50-day simple moving average of $46.08 and a 200 day simple moving average of $44.95.

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.