PFG Advisors Sells 2,302 Shares of ARK Innovation ETF $ARKK

PFG Advisors lessened its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,834 shares of the company’s stock after selling 2,302 shares during the period. PFG Advisors owned about 0.05% of ARK Innovation ETF worth $3,433,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group bought a new stake in ARK Innovation ETF in the second quarter valued at approximately $28,000. SJS Investment Consulting Inc. increased its stake in shares of ARK Innovation ETF by 4,410.0% in the second quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock worth $32,000 after buying an additional 441 shares during the period. DHJJ Financial Advisors Ltd. increased its stake in shares of ARK Innovation ETF by 51,200.0% in the second quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock worth $36,000 after buying an additional 512 shares during the period. SVB Wealth LLC bought a new stake in ARK Innovation ETF during the 1st quarter valued at $28,000. Finally, Private Wealth Asset Management LLC boosted its position in ARK Innovation ETF by 331.0% during the 2nd quarter. Private Wealth Asset Management LLC now owns 905 shares of the company’s stock valued at $64,000 after buying an additional 695 shares during the period.

ARK Innovation ETF Trading Down 0.2%

ARKK stock opened at $80.75 on Monday. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96. The firm’s 50-day moving average price is $84.28 and its two-hundred day moving average price is $72.59. ARK Innovation ETF has a 12-month low of $38.57 and a 12-month high of $92.65.

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.