ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC lowered its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 6.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,213 shares of the company’s stock after selling 386 shares during the quarter. Ameritas Advisory Services LLC’s holdings in ARK Innovation ETF were worth $248,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ARKK. Raymond James Financial Inc. purchased a new stake in shares of ARK Innovation ETF during the fourth quarter worth approximately $54,586,000. Toronto Dominion Bank boosted its stake in ARK Innovation ETF by 10,526.8% during the 4th quarter. Toronto Dominion Bank now owns 457,697 shares of the company’s stock worth $25,983,000 after purchasing an additional 453,390 shares during the last quarter. Mission Wealth Management LP purchased a new stake in shares of ARK Innovation ETF during the first quarter worth $15,064,000. Goodman Advisory Group LLC acquired a new stake in shares of ARK Innovation ETF in the first quarter valued at about $11,541,000. Finally, Envestnet Asset Management Inc. raised its position in shares of ARK Innovation ETF by 69.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 535,428 shares of the company’s stock valued at $30,396,000 after buying an additional 219,092 shares during the last quarter.

ARK Innovation ETF Trading Up 0.7%

ARKK opened at $71.09 on Friday. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $71.29. The firm has a market capitalization of $6.84 billion, a PE ratio of 50.14 and a beta of 1.64. The firm’s 50-day moving average price is $59.49 and its 200 day moving average price is $56.68.

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.