ARK Innovation ETF (NYSEARCA:ARKK) Position Reduced by Gerber LLC

Gerber LLC reduced its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 2.2% during the third quarter, Holdings Channel.com reports. The fund owned 193,800 shares of the company’s stock after selling 4,404 shares during the quarter. ARK Innovation ETF makes up 6.8% of Gerber LLC’s investment portfolio, making the stock its 5th biggest position. Gerber LLC’s holdings in ARK Innovation ETF were worth $9,211,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Arkadios Wealth Advisors increased its holdings in ARK Innovation ETF by 1.5% during the second quarter. Arkadios Wealth Advisors now owns 14,929 shares of the company’s stock valued at $656,000 after buying an additional 221 shares during the period. Mcdonald Partners LLC lifted its stake in shares of ARK Innovation ETF by 1.9% during the 2nd quarter. Mcdonald Partners LLC now owns 12,038 shares of the company’s stock worth $529,000 after purchasing an additional 225 shares during the last quarter. Fountainhead AM LLC boosted its position in ARK Innovation ETF by 5.0% during the first quarter. Fountainhead AM LLC now owns 4,923 shares of the company’s stock valued at $247,000 after purchasing an additional 233 shares in the last quarter. Sound Income Strategies LLC grew its stake in ARK Innovation ETF by 6.4% in the second quarter. Sound Income Strategies LLC now owns 4,037 shares of the company’s stock valued at $177,000 after purchasing an additional 243 shares during the last quarter. Finally, TCP Asset Management LLC grew its stake in ARK Innovation ETF by 5.5% in the first quarter. TCP Asset Management LLC now owns 4,799 shares of the company’s stock valued at $240,000 after purchasing an additional 249 shares during the last quarter.

ARK Innovation ETF Stock Performance

Shares of ARKK stock traded down $0.86 during mid-day trading on Monday, hitting $47.17. 3,841,807 shares of the stock traded hands, compared to its average volume of 10,348,549. The stock’s fifty day moving average is $45.40 and its two-hundred day moving average is $44.91. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52.

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 managed by ARK.