ARK Innovation ETF (NYSEARCA:ARKK) Position Lessened by Royal Fund Management LLC

Royal Fund Management LLC reduced its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 9.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 34,610 shares of the company’s stock after selling 3,738 shares during the quarter. Royal Fund Management LLC’s holdings in ARK Innovation ETF were worth $1,815,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ARKK. FinTrust Capital Advisors LLC raised its holdings in ARK Innovation ETF by 160.2% during the third quarter. FinTrust Capital Advisors LLC now owns 1,868 shares of the company’s stock valued at $74,000 after buying an additional 1,150 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in ARK Innovation ETF by 45.1% during the third quarter. Stratos Wealth Partners LTD. now owns 72,718 shares of the company’s stock valued at $2,885,000 after buying an additional 22,609 shares in the last quarter. Concourse Financial Group Securities Inc. raised its holdings in ARK Innovation ETF by 48.8% during the third quarter. Concourse Financial Group Securities Inc. now owns 2,865 shares of the company’s stock valued at $114,000 after buying an additional 940 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of ARK Innovation ETF by 77.5% in the third quarter. Lindbrook Capital LLC now owns 710 shares of the company’s stock valued at $28,000 after purchasing an additional 310 shares during the last quarter. Finally, Interactive Financial Advisors Inc. grew its position in shares of ARK Innovation ETF by 10.3% in the third quarter. Interactive Financial Advisors Inc. now owns 13,970 shares of the company’s stock valued at $554,000 after purchasing an additional 1,310 shares during the last quarter.

ARK Innovation ETF Trading Up 1.2 %

Shares of NYSEARCA:ARKK traded up $0.54 during midday trading on Friday, hitting $45.47. The company’s stock had a trading volume of 12,656,484 shares, compared to its average volume of 14,186,380. The stock’s 50 day simple moving average is $47.80 and its 200 day simple moving average is $46.53. ARK Innovation ETF has a fifty-two week low of $33.76 and a fifty-two week high of $54.52.

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.