Stablepoint Partners LLC trimmed its position in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 22.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,810 shares of the company’s stock after selling 7,301 shares during the period. Stablepoint Partners LLC’s holdings in ARK Innovation ETF were worth $1,179,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of ARK Innovation ETF during the 2nd quarter worth $26,000. Westside Investment Management Inc. grew its position in ARK Innovation ETF by 107.1% in the first quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in ARK Innovation ETF during the second quarter worth about $32,000. GoalVest Advisory LLC lifted its holdings in shares of ARK Innovation ETF by 124.8% in the first quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock worth $34,000 after acquiring an additional 372 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of ARK Innovation ETF in the 2nd quarter valued at approximately $34,000.
ARK Innovation ETF Trading Up 1.6 %
ARKK stock opened at $47.37 on Tuesday. The company has a 50 day simple moving average of $44.85 and a 200 day simple moving average of $44.94. ARK Innovation ETF has a 1 year low of $33.76 and a 1 year high of $54.52.
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.
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