ARK Innovation ETF $ARKK Shares Sold by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. decreased its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 7.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,766 shares of the company’s stock after selling 1,820 shares during the quarter. ARK Innovation ETF comprises about 1.4% of Kraematon Investment Advisors Inc.’s portfolio, making the stock its 24th biggest position. Kraematon Investment Advisors Inc.’s holdings in ARK Innovation ETF were worth $1,530,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in ARK Innovation ETF in the first quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of ARK Innovation ETF in the 2nd quarter valued at approximately $28,000. SJS Investment Consulting Inc. raised its position in shares of ARK Innovation ETF by 4,410.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock valued at $32,000 after purchasing an additional 441 shares during the last quarter. DHJJ Financial Advisors Ltd. boosted its stake in ARK Innovation ETF by 51,200.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock worth $36,000 after purchasing an additional 512 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in ARK Innovation ETF during the 1st quarter worth approximately $44,000.

ARK Innovation ETF Trading Down 1.0%

Shares of ARK Innovation ETF stock opened at $88.32 on Friday. The firm’s 50 day simple moving average is $78.07 and its two-hundred day simple moving average is $65.17. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 50.14 and a beta of 1.64. ARK Innovation ETF has a 12-month low of $38.57 and a 12-month high of $89.62.

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.