IFG Advisory LLC Lowers Position in ARK Innovation ETF $ARKK

IFG Advisory LLC lowered its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 34.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,083 shares of the company’s stock after selling 2,661 shares during the period. IFG Advisory LLC’s holdings in ARK Innovation ETF were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ARKK. SVB Wealth LLC acquired a new position in ARK Innovation ETF during the first quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of ARK Innovation ETF during the second quarter worth about $28,000. SJS Investment Consulting Inc. grew its holdings in shares of ARK Innovation ETF by 4,410.0% during the second quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock worth $32,000 after buying an additional 441 shares in the last quarter. DHJJ Financial Advisors Ltd. grew its holdings in shares of ARK Innovation ETF by 51,200.0% during the second quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock worth $36,000 after buying an additional 512 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new stake in ARK Innovation ETF in the first quarter valued at approximately $48,000.

ARK Innovation ETF Stock Performance

ARK Innovation ETF stock opened at $88.19 on Tuesday. ARK Innovation ETF has a 1 year low of $38.57 and a 1 year high of $92.65. The firm has a 50 day moving average price of $83.73 and a 200 day moving average price of $71.56. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96.

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.