Fortem Financial Group LLC Cuts Holdings in ARK Innovation ETF $ARKK

Fortem Financial Group LLC reduced its holdings in ARK Innovation ETF (BATS:ARKK) by 49.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 10,688 shares of the company’s stock after selling 10,555 shares during the quarter. Fortem Financial Group LLC’s holdings in ARK Innovation ETF were worth $722,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Caitlin John LLC acquired a new position in ARK Innovation ETF during the third quarter worth $27,000. TD Capital Management LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter valued at about $30,000. Wealth Watch Advisors INC acquired a new stake in shares of ARK Innovation ETF in the third quarter valued at about $32,000. Riggs Asset Managment Co. Inc. increased its holdings in ARK Innovation ETF by 1,635.7% in the second quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock valued at $34,000 after buying an additional 458 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in ARK Innovation ETF by 85.0% in the third quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock valued at $36,000 after buying an additional 192 shares in the last quarter.

ARK Innovation ETF Stock Performance

ARKK stock opened at $80.19 on Friday. The firm has a 50 day moving average of $77.00 and a 200-day moving average of $76.02. ARK Innovation ETF has a 12-month low of $62.94 and a 12-month high of $92.65. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92.

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 issued by ARK.