Integrated Advisors Network LLC Lowers Stock Position in ARK Innovation ETF $ARKK

Integrated Advisors Network LLC decreased its holdings in shares of ARK Innovation ETF (BATS:ARKK) by 92.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,145 shares of the company’s stock after selling 38,128 shares during the period. Integrated Advisors Network LLC’s holdings in ARK Innovation ETF were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Orion Porfolio Solutions LLC boosted its stake in shares of ARK Innovation ETF by 8,291.5% in the second quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock valued at $113,120,000 after buying an additional 1,590,149 shares in the last quarter. State of Wisconsin Investment Board raised its position in ARK Innovation ETF by 95.8% in the fourth quarter. State of Wisconsin Investment Board now owns 2,804,342 shares of the company’s stock worth $215,710,000 after acquiring an additional 1,372,438 shares in the last quarter. BW Gestao de Investimentos Ltda. lifted its holdings in ARK Innovation ETF by 108.8% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 87,577 shares of the company’s stock valued at $6,736,000 after acquiring an additional 1,087,577 shares during the period. Qube Research & Technologies Ltd lifted its holdings in ARK Innovation ETF by 634.7% in the third quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock valued at $76,386,000 after acquiring an additional 764,653 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of ARK Innovation ETF by 620.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock worth $50,046,000 after purchasing an additional 560,286 shares in the last quarter.

ARK Innovation ETF Price Performance

Shares of BATS ARKK traded down $1.28 during trading on Friday, hitting $80.25. 5,393,616 shares of the company were exchanged, compared to its average volume of 8,898,063. ARK Innovation ETF has a 1 year low of $62.94 and a 1 year high of $92.65. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The firm’s fifty day moving average price is $78.31 and its 200 day moving average price is $75.97.

ARK Innovation ETF 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.