Fortem Financial Group LLC Cuts Stake in ARK Innovation ETF $ARKK

Fortem Financial Group LLC cut its stake in shares of ARK Innovation ETF (BATS:ARKK) by 49.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,688 shares of the company’s stock after selling 10,555 shares during the quarter. Fortem Financial Group LLC’s holdings in ARK Innovation ETF were worth $722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. D.A. Davidson & CO. raised its stake in ARK Innovation ETF by 1.2% during the 4th quarter. D.A. Davidson & CO. now owns 11,315 shares of the company’s stock worth $870,000 after acquiring an additional 133 shares in the last quarter. Graney & King LLC increased its position in shares of ARK Innovation ETF by 16.6% during the third quarter. Graney & King LLC now owns 998 shares of the company’s stock worth $86,000 after purchasing an additional 142 shares in the last quarter. Transcend Capital Advisors LLC lifted its holdings in shares of ARK Innovation ETF by 5.2% in the 4th quarter. Transcend Capital Advisors LLC now owns 3,031 shares of the company’s stock valued at $233,000 after purchasing an additional 150 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its holdings in shares of ARK Innovation ETF by 5.4% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 2,931 shares of the company’s stock valued at $225,000 after purchasing an additional 150 shares during the last quarter. Finally, BridgePort Financial Solutions LLC boosted its position in shares of ARK Innovation ETF by 1.9% in the 4th quarter. BridgePort Financial Solutions LLC now owns 8,255 shares of the company’s stock valued at $635,000 after purchasing an additional 153 shares during the period.

ARK Innovation ETF Price Performance

BATS:ARKK opened at $80.19 on Friday. The stock’s 50 day moving average price is $77.00 and its 200 day moving average price is $76.02. The company has a market capitalization of $7.59 billion, a PE ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 52-week low of $62.94 and a 52-week high of $92.65.

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 issued by ARK.