Koshinski Asset Management Inc. Sells 340 Shares of ARK Innovation ETF $ARKK

Koshinski Asset Management Inc. cut its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,677 shares of the company’s stock after selling 340 shares during the quarter. Koshinski Asset Management Inc.’s holdings in ARK Innovation ETF were worth $1,243,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings in ARK Innovation ETF by 303.1% in the first quarter. Janney Montgomery Scott LLC now owns 112,074 shares of the company’s stock worth $5,332,000 after purchasing an additional 84,269 shares during the period. L.M. Kohn & Company grew its stake in shares of ARK Innovation ETF by 7.6% in the 1st quarter. L.M. Kohn & Company now owns 8,488 shares of the company’s stock worth $404,000 after buying an additional 601 shares during the last quarter. Advisor Resource Council bought a new position in ARK Innovation ETF during the 1st quarter valued at approximately $368,000. PFG Investments LLC increased its position in ARK Innovation ETF by 5.0% during the 1st quarter. PFG Investments LLC now owns 25,578 shares of the company’s stock valued at $1,217,000 after buying an additional 1,224 shares in the last quarter. Finally, XML Financial LLC raised its stake in ARK Innovation ETF by 8.2% during the first quarter. XML Financial LLC now owns 6,686 shares of the company’s stock valued at $318,000 after buying an additional 509 shares during the last quarter.

ARK Innovation ETF Trading Down 0.5%

NYSEARCA ARKK opened at $86.24 on Friday. ARK Innovation ETF has a 12 month low of $38.57 and a 12 month high of $92.65. The stock’s fifty day moving average price is $80.97 and its 200-day moving average price is $67.83. The stock has a market cap of $8.20 billion, a P/E ratio of 50.14 and a beta of 1.64.

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.