Clearwater Capital Advisors LLC Lowers Holdings in ARK Innovation ETF $ARKK

Clearwater Capital Advisors LLC decreased its position in shares of ARK Innovation ETF (BATS:ARKK) by 21.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,021 shares of the company’s stock after selling 6,955 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in ARK Innovation ETF were worth $1,759,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. increased its stake in shares of ARK Innovation ETF by 38,300.0% during the first quarter. Decker Retirement Planning Inc. now owns 384 shares of the company’s stock valued at $26,000 after buying an additional 383 shares during the period. TD Capital Management LLC purchased a new stake in ARK Innovation ETF in the fourth quarter worth about $30,000. Wealth Watch Advisors INC purchased a new stake in ARK Innovation ETF in the third quarter worth about $32,000. Riggs Asset Managment Co. Inc. grew its holdings in ARK Innovation ETF by 1,635.7% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock worth $34,000 after acquiring an additional 458 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in ARK Innovation ETF by 85.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock worth $36,000 after acquiring an additional 192 shares in the last quarter.

ARK Innovation ETF Stock Performance

BATS ARKK opened at $76.03 on Thursday. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The company’s 50-day simple moving average is $78.16 and its two-hundred day simple moving average is $75.81. ARK Innovation ETF has a one year low of $62.94 and a one year high of $92.65.

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 issued by ARK.