ARK Innovation ETF $ARKK Shares Sold by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. lessened its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 7.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 21,766 shares of the company’s stock after selling 1,820 shares during the period. ARK Innovation ETF accounts for about 1.4% of Kraematon Investment Advisors Inc.’s portfolio, making the stock its 24th biggest position. Kraematon Investment Advisors Inc.’s holdings in ARK Innovation ETF were worth $1,530,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SVB Wealth LLC purchased a new stake in shares of ARK Innovation ETF in the 1st quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in ARK Innovation ETF in the second quarter valued at $28,000. SJS Investment Consulting Inc. grew its position in ARK Innovation ETF by 4,410.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock worth $32,000 after purchasing an additional 441 shares during the period. DHJJ Financial Advisors Ltd. raised its stake in shares of ARK Innovation ETF by 51,200.0% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock valued at $36,000 after buying an additional 512 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of ARK Innovation ETF in the 1st quarter valued at about $44,000.

ARK Innovation ETF Stock Down 1.0%

Shares of ARKK opened at $88.32 on Friday. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 50.14 and a beta of 1.64. ARK Innovation ETF has a 52 week low of $38.57 and a 52 week high of $89.62. The stock’s 50-day moving average price is $78.07 and its 200-day moving average price is $65.17.

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.