Patriot Financial Group Insurance Agency LLC Sells 1,218 Shares of ARK Innovation ETF $ARKK

Patriot Financial Group Insurance Agency LLC reduced its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 4.5% in the second quarter, HoldingsChannel.com reports. The fund owned 26,006 shares of the company’s stock after selling 1,218 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in ARK Innovation ETF were worth $1,828,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Fiduciary Alliance LLC raised its position in ARK Innovation ETF by 2.9% in the 2nd quarter. Fiduciary Alliance LLC now owns 6,459 shares of the company’s stock worth $454,000 after purchasing an additional 180 shares during the period. AdvisorNet Financial Inc raised its position in ARK Innovation ETF by 4.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,618 shares of the company’s stock worth $325,000 after purchasing an additional 187 shares during the period. Horizon Wealth Management LLC raised its position in ARK Innovation ETF by 3.4% in the 1st quarter. Horizon Wealth Management LLC now owns 7,426 shares of the company’s stock worth $353,000 after purchasing an additional 243 shares during the period. Principal Securities Inc. raised its position in ARK Innovation ETF by 3.9% in the 1st quarter. Principal Securities Inc. now owns 6,629 shares of the company’s stock worth $315,000 after purchasing an additional 250 shares during the period. Finally, Post Resch Tallon Group Inc. raised its position in ARK Innovation ETF by 0.8% in the 1st quarter. Post Resch Tallon Group Inc. now owns 32,648 shares of the company’s stock worth $1,544,000 after purchasing an additional 251 shares during the period.

ARK Innovation ETF Stock Up 2.6%

Shares of NYSEARCA:ARKK opened at $89.22 on Friday. The stock has a market cap of $8.64 billion, a PE ratio of 50.14 and a beta of 1.64. The company’s fifty day moving average is $77.83 and its 200 day moving average is $64.79. ARK Innovation ETF has a 52 week low of $38.57 and a 52 week high of $89.33.

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.