Cetera Investment Advisers Has $14.19 Million Position in ARK Innovation ETF (NYSEARCA:ARKK)

Cetera Investment Advisers cut its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,878 shares of the company’s stock after selling 6,574 shares during the period. Cetera Investment Advisers’ holdings in ARK Innovation ETF were worth $14,190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARKK. D. E. Shaw & Co. Inc. increased its stake in ARK Innovation ETF by 120.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock valued at $62,177,000 after purchasing an additional 774,315 shares in the last quarter. Granite Bay Wealth Management LLC boosted its stake in ARK Innovation ETF by 3,969.2% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock valued at $62,559,000 after purchasing an additional 1,357,875 shares during the last quarter. Total Investment Management Inc. increased its holdings in ARK Innovation ETF by 1.3% during the 2nd quarter. Total Investment Management Inc. now owns 1,145,381 shares of the company’s stock worth $50,339,000 after purchasing an additional 15,222 shares in the last quarter. McCarthy & Cox purchased a new stake in shares of ARK Innovation ETF in the first quarter worth approximately $16,409,000. Finally, Global Assets Advisory LLC bought a new position in shares of ARK Innovation ETF in the first quarter valued at approximately $15,603,000.

ARK Innovation ETF Stock Up 2.5 %

Shares of NYSEARCA:ARKK opened at $46.53 on Friday. The business’s 50 day moving average is $44.47 and its 200 day moving average is $45.15. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52.

About ARK Innovation ETF

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.