Archford Capital Strategies LLC Has $338,000 Stock Holdings in ARK Innovation ETF $ARKK

Archford Capital Strategies LLC trimmed its position in ARK Innovation ETF (NYSEARCA:ARKK) by 23.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,814 shares of the company’s stock after selling 1,484 shares during the period. Archford Capital Strategies LLC’s holdings in ARK Innovation ETF were worth $338,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Fiduciary Alliance LLC raised its position in shares of ARK Innovation ETF by 2.9% in the 2nd quarter. Fiduciary Alliance LLC now owns 6,459 shares of the company’s stock valued at $454,000 after acquiring an additional 180 shares during the period. AdvisorNet Financial Inc raised its holdings in ARK Innovation ETF by 4.2% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,618 shares of the company’s stock worth $325,000 after buying an additional 187 shares during the period. Horizon Wealth Management LLC raised its holdings in ARK Innovation ETF by 3.4% during the 1st quarter. Horizon Wealth Management LLC now owns 7,426 shares of the company’s stock worth $353,000 after buying an additional 243 shares during the period. Principal Securities Inc. raised its holdings in ARK Innovation ETF by 3.9% during the 1st quarter. Principal Securities Inc. now owns 6,629 shares of the company’s stock worth $315,000 after buying an additional 250 shares during the period. Finally, Post Resch Tallon Group Inc. raised its holdings in ARK Innovation ETF by 0.8% during the 1st quarter. Post Resch Tallon Group Inc. now owns 32,648 shares of the company’s stock worth $1,544,000 after buying an additional 251 shares during the period.

ARK Innovation ETF Stock Up 3.7%

Shares of ARKK opened at $86.17 on Tuesday. The stock has a market capitalization of $8.34 billion, a P/E ratio of 50.14 and a beta of 1.64. ARK Innovation ETF has a twelve month low of $38.57 and a twelve month high of $86.17. The company has a 50 day moving average of $77.18 and a 200-day moving average of $64.21.

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.