Clearwater Capital Advisors LLC Sells 54,235 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Clearwater Capital Advisors LLC lowered its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 38.9% in the second quarter, Holdings Channel reports. The institutional investor owned 85,343 shares of the company’s stock after selling 54,235 shares during the period. Clearwater Capital Advisors LLC’s holdings in ARK Innovation ETF were worth $3,751,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Jones Financial Companies Lllp acquired a new stake in ARK Innovation ETF in the 4th quarter worth about $26,000. Westside Investment Management Inc. grew its position in shares of ARK Innovation ETF by 107.1% during the 1st quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares in the last quarter. GoalVest Advisory LLC increased its holdings in shares of ARK Innovation ETF by 124.8% during the first quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock worth $34,000 after purchasing an additional 372 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of ARK Innovation ETF in the second quarter valued at approximately $37,000. Finally, Mather Group LLC. bought a new stake in shares of ARK Innovation ETF in the first quarter valued at approximately $38,000.

ARK Innovation ETF Trading Down 4.6 %

NYSEARCA:ARKK traded down $2.01 during trading hours on Friday, reaching $41.59. 10,392,528 shares of the company were exchanged, compared to its average volume of 11,304,919. ARK Innovation ETF has a 1-year low of $33.76 and a 1-year high of $54.52. The business has a 50 day moving average of $44.58 and a 200 day moving average of $45.65.

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 managed by ARK.