ARK Innovation ETF $ARKK Shares Sold by Kickstand Ventures LLC.

Kickstand Ventures LLC. cut its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,189 shares of the company’s stock after selling 896 shares during the quarter. Kickstand Ventures LLC.’s holdings in ARK Innovation ETF were worth $786,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in shares of ARK Innovation ETF by 303.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 112,074 shares of the company’s stock worth $5,332,000 after buying an additional 84,269 shares during the period. Two Sigma Investments LP acquired a new position in shares of ARK Innovation ETF during the 4th quarter worth approximately $573,000. Farther Finance Advisors LLC raised its stake in shares of ARK Innovation ETF by 10.2% during the 1st quarter. Farther Finance Advisors LLC now owns 14,917 shares of the company’s stock worth $713,000 after buying an additional 1,376 shares during the period. Sowell Financial Services LLC acquired a new position in shares of ARK Innovation ETF during the 2nd quarter worth approximately $394,000. Finally, IFP Advisors Inc raised its stake in shares of ARK Innovation ETF by 2.4% during the 1st quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock worth $675,000 after buying an additional 334 shares during the period.

ARK Innovation ETF Price Performance

Shares of ARKK stock opened at $88.32 on Friday. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 50.14 and a beta of 1.64. The stock has a 50 day simple moving average of $78.07 and a 200-day simple moving average of $65.17. ARK Innovation ETF has a 1-year low of $38.57 and a 1-year high of $89.62.

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.