TRUE Private Wealth Advisors Has $4.02 Million Position in ARK Innovation ETF $ARKK

TRUE Private Wealth Advisors lessened its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 10.5% in the second quarter, Holdings Channel reports. The institutional investor owned 57,252 shares of the company’s stock after selling 6,725 shares during the period. TRUE Private Wealth Advisors’ holdings in ARK Innovation ETF were worth $4,024,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in shares of ARK Innovation ETF by 24.0% during the first quarter. Bank of New York Mellon Corp now owns 4,910 shares of the company’s stock valued at $234,000 after acquiring an additional 951 shares during the last quarter. IFP Advisors Inc grew its stake in shares of ARK Innovation ETF by 2.4% in the 1st quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock valued at $675,000 after buying an additional 334 shares during the period. J.W. Cole Advisors Inc. increased its position in ARK Innovation ETF by 39.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 28,284 shares of the company’s stock valued at $1,346,000 after buying an additional 8,037 shares in the last quarter. Lindbrook Capital LLC raised its stake in ARK Innovation ETF by 535.7% during the 1st quarter. Lindbrook Capital LLC now owns 3,560 shares of the company’s stock worth $169,000 after buying an additional 3,000 shares during the period. Finally, Ascension Capital Advisors Inc. boosted its holdings in ARK Innovation ETF by 0.3% in the first quarter. Ascension Capital Advisors Inc. now owns 375,005 shares of the company’s stock worth $17,843,000 after acquiring an additional 1,047 shares in the last quarter.

ARK Innovation ETF Stock Performance

Shares of ARK Innovation ETF stock opened at $74.53 on Wednesday. The stock has a market capitalization of $7.15 billion, a PE ratio of 50.14 and a beta of 1.96. ARK Innovation ETF has a 52 week low of $38.57 and a 52 week high of $92.65. The stock has a 50 day moving average price of $84.75 and a two-hundred day moving average price of $73.96.

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.