ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Retirement Guys Formula LLC

Retirement Guys Formula LLC lowered its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,357 shares of the company’s stock after selling 524 shares during the quarter. Retirement Guys Formula LLC’s holdings in ARK Innovation ETF were worth $815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Gladstone Institutional Advisory LLC boosted its position in ARK Innovation ETF by 23.4% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 14,257 shares of the company’s stock valued at $809,000 after purchasing an additional 2,701 shares during the period. Certuity LLC acquired a new position in ARK Innovation ETF during the 4th quarter valued at approximately $221,000. Sovran Advisors LLC acquired a new position in ARK Innovation ETF during the 4th quarter valued at approximately $660,000. Essex Financial Services Inc. acquired a new position in ARK Innovation ETF during the 4th quarter valued at approximately $220,000. Finally, Focus Financial Network Inc. boosted its position in ARK Innovation ETF by 3.3% during the 4th quarter. Focus Financial Network Inc. now owns 13,020 shares of the company’s stock worth $739,000 after acquiring an additional 422 shares during the period.

ARK Innovation ETF Trading Down 2.2 %

Shares of ARKK stock opened at $61.35 on Wednesday. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $64.72. The stock has a fifty day moving average of $60.44 and a two-hundred day moving average of $52.02.

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.