Capital Market Strategies LLC Sells 395 Shares of ARK Innovation ETF $ARKK

Capital Market Strategies LLC decreased its position in ARK Innovation ETF (NYSEARCA:ARKK) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,787 shares of the company’s stock after selling 395 shares during the quarter. Capital Market Strategies LLC’s holdings in ARK Innovation ETF were worth $407,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Summit Investment Advisory Services LLC grew its stake in shares of ARK Innovation ETF by 12.3% in the 1st quarter. Summit Investment Advisory Services LLC now owns 12,048 shares of the company’s stock worth $573,000 after acquiring an additional 1,317 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of ARK Innovation ETF by 303.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 112,074 shares of the company’s stock worth $5,332,000 after acquiring an additional 84,269 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of ARK Innovation ETF in the 4th quarter worth $573,000. Farther Finance Advisors LLC grew its stake in shares of ARK Innovation ETF by 10.2% in the 1st quarter. Farther Finance Advisors LLC now owns 14,917 shares of the company’s stock worth $713,000 after acquiring an additional 1,376 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of ARK Innovation ETF by 2.4% in the 1st quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock worth $675,000 after acquiring an additional 334 shares in the last quarter.

ARK Innovation ETF Stock Performance

ARKK opened at $78.57 on Friday. The firm has a market cap of $7.61 billion, a P/E ratio of 50.14 and a beta of 1.64. The firm has a 50-day moving average of $75.17 and a 200 day moving average of $61.68. ARK Innovation ETF has a fifty-two week low of $38.57 and a fifty-two week high of $79.19.

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.