SkyOak Wealth LLC Has $4.75 Million Stake in ARK Innovation ETF (NYSEARCA:ARKK)

SkyOak Wealth LLC reduced its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,041 shares of the company’s stock after selling 1,065 shares during the quarter. ARK Innovation ETF comprises 1.1% of SkyOak Wealth LLC’s portfolio, making the stock its 24th biggest position. SkyOak Wealth LLC owned 0.07% of ARK Innovation ETF worth $4,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ARKK. Granite Bay Wealth Management LLC boosted its position in 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 acquiring an additional 1,357,875 shares during the last quarter. Total Investment Management Inc. boosted its position in ARK Innovation ETF by 8,939.1% during the first quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock valued at $56,598,000 after purchasing an additional 1,117,656 shares during the last quarter. McCarthy & Cox bought a new position in ARK Innovation ETF in the first quarter valued at approximately $16,409,000. Global Assets Advisory LLC acquired a new position in shares of ARK Innovation ETF during the 1st quarter worth approximately $15,603,000. Finally, Cowen AND Company LLC raised 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 in the last quarter.

ARK Innovation ETF Stock Up 0.8 %

NYSEARCA ARKK opened at $46.05 on Wednesday. The firm’s fifty day moving average price is $44.47 and its two-hundred day moving average price is $45.36. ARK Innovation ETF has a 1 year low of $33.76 and a 1 year high of $54.52.

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.