Capital Market Strategies LLC Sells 1,250 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Capital Market Strategies LLC reduced its position in ARK Innovation ETF (NYSEARCA:ARKK) by 14.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,678 shares of the company’s stock after selling 1,250 shares during the period. Capital Market Strategies LLC’s holdings in ARK Innovation ETF were worth $365,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ARKK. Granite Bay Wealth Management LLC raised its holdings in shares of ARK Innovation ETF by 3,969.2% in the second quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock valued at $62,559,000 after acquiring an additional 1,357,875 shares in the last quarter. Total Investment Management Inc. raised its holdings in ARK Innovation ETF by 8,939.1% in the first quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock worth $56,598,000 after purchasing an additional 1,117,656 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in ARK Innovation ETF by 120.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock worth $62,177,000 after purchasing an additional 774,315 shares in the last quarter. McCarthy & Cox bought a new position in ARK Innovation ETF in the first quarter worth about $16,409,000. Finally, Global Assets Advisory LLC bought a new position in ARK Innovation ETF in the first quarter worth about $15,603,000.

ARK Innovation ETF Trading Down 1.0 %

Shares of ARK Innovation ETF stock opened at $45.39 on Friday. The company has a 50-day simple moving average of $44.46 and a two-hundred day simple moving average of $45.16. ARK Innovation ETF has a one year low of $33.76 and a one year high of $54.52.

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.