Kingsview Wealth Management LLC Cuts Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Kingsview Wealth Management LLC lowered its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 36.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,755 shares of the company’s stock after selling 30,635 shares during the period. Kingsview Wealth Management LLC’s holdings in ARK Innovation ETF were worth $2,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Clear Creek Financial Management LLC lifted its holdings in ARK Innovation ETF by 1.7% during the 4th quarter. Clear Creek Financial Management LLC now owns 14,042 shares of the company’s stock worth $735,000 after buying an additional 229 shares in the last quarter. Fountainhead AM LLC lifted its holdings in ARK Innovation ETF by 5.0% during the 1st quarter. Fountainhead AM LLC now owns 4,923 shares of the company’s stock worth $247,000 after buying an additional 233 shares in the last quarter. TCP Asset Management LLC lifted its holdings in ARK Innovation ETF by 5.5% during the 1st quarter. TCP Asset Management LLC now owns 4,799 shares of the company’s stock worth $240,000 after buying an additional 249 shares in the last quarter. Santori & Peters Inc. increased its position in shares of ARK Innovation ETF by 5.2% in the 1st quarter. Santori & Peters Inc. now owns 5,180 shares of the company’s stock valued at $259,000 after purchasing an additional 258 shares during the last quarter. Finally, Sloy Dahl & Holst LLC increased its position in shares of ARK Innovation ETF by 1.4% in the 1st quarter. Sloy Dahl & Holst LLC now owns 21,355 shares of the company’s stock valued at $1,069,000 after purchasing an additional 285 shares during the last quarter.

ARK Innovation ETF Trading Up 0.1 %

Shares of NYSEARCA ARKK traded up $0.06 during mid-day trading on Friday, reaching $46.63. The company had a trading volume of 11,128,497 shares, compared to its average volume of 12,165,562. The firm has a 50 day simple moving average of $44.77 and a two-hundred day simple moving average of $46.67. ARK Innovation ETF has a 52-week low of $33.76 and a 52-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.