Candriam S.C.A. Sells 71,695 Shares of ARK Innovation ETF $ARKK

Candriam S.C.A. lessened its position in shares of ARK Innovation ETF (BATS:ARKK) by 66.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,520 shares of the company’s stock after selling 71,695 shares during the period. Candriam S.C.A.’s holdings in ARK Innovation ETF were worth $3,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ARKK. Rose Capital Advisors LLC bought a new stake in shares of ARK Innovation ETF in the second quarter valued at approximately $3,228,000. GoalVest Advisory LLC boosted its holdings in ARK Innovation ETF by 21,614.6% in the 3rd quarter. GoalVest Advisory LLC now owns 32,789 shares of the company’s stock worth $2,921,000 after buying an additional 32,638 shares during the period. Rinkey Investments bought a new position in ARK Innovation ETF in the 2nd quarter worth approximately $597,000. Concurrent Investment Advisors LLC boosted its holdings in ARK Innovation ETF by 57.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 22,542 shares of the company’s stock worth $1,822,000 after buying an additional 8,189 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of ARK Innovation ETF by 37.0% during the first quarter. NewEdge Advisors LLC now owns 148,191 shares of the company’s stock worth $10,016,000 after acquiring an additional 40,003 shares in the last quarter.

ARK Innovation ETF Price Performance

ARK Innovation ETF stock opened at $77.10 on Wednesday. ARK Innovation ETF has a one year low of $62.94 and a one year high of $94.82. The business has a fifty day moving average price of $85.18 and a 200-day moving average price of $78.27. The firm has a market capitalization of $5.96 billion, a P/E ratio of 45.30 and a beta of 2.01.

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 issued by ARK.