Jaffetilchin Investment Partners LLC Lowers Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Jaffetilchin Investment Partners LLC cut its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 35.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,373 shares of the company’s stock after selling 5,128 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in ARK Innovation ETF were worth $412,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ARKK. Jones Financial Companies Lllp acquired a new position in ARK Innovation ETF during the fourth quarter worth approximately $26,000. Westside Investment Management Inc. grew its position in ARK Innovation ETF by 107.1% during the first quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares during the period. GoalVest Advisory LLC raised its holdings in shares of ARK Innovation ETF by 124.8% in the 1st quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock worth $34,000 after purchasing an additional 372 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of ARK Innovation ETF in the 2nd quarter worth about $37,000. Finally, Mather Group LLC. acquired a new position in shares of ARK Innovation ETF in the 1st quarter valued at about $38,000.

ARK Innovation ETF Price Performance

ARKK opened at $44.82 on Friday. ARK Innovation ETF has a 1 year low of $33.76 and a 1 year high of $54.52. The firm has a 50 day moving average price of $44.63 and a 200 day moving average price of $45.91.

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 managed by ARK.