Royal Fund Management LLC Decreases Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Royal Fund Management LLC cut its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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.

A number of other institutional investors have also recently modified their holdings of the business. Lindbrook Capital LLC boosted its position in ARK Innovation ETF by 77.5% during the third quarter. Lindbrook Capital LLC now owns 710 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its position in ARK Innovation ETF by 103.3% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 738 shares of the company’s stock worth $29,000 after purchasing an additional 375 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in ARK Innovation ETF during the third quarter worth $31,000. Annapolis Financial Services LLC boosted its position in ARK Innovation ETF by 395.9% during the third quarter. Annapolis Financial Services LLC now owns 838 shares of the company’s stock worth $33,000 after purchasing an additional 669 shares in the last quarter. Finally, Headinvest LLC purchased a new stake in ARK Innovation ETF during the third quarter worth $37,000.

ARK Innovation ETF Stock Performance

Shares of NYSEARCA ARKK traded up $0.54 during trading on Friday, reaching $45.47. The company had a trading volume of 12,656,484 shares, compared to its average volume of 14,186,380. ARK Innovation ETF has a twelve month low of $33.76 and a twelve month high of $54.52. The stock has a 50-day moving average price of $47.80 and a two-hundred day moving average price of $46.53.

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.