Private Advisor Group LLC Sells 25,811 Shares of ARK Innovation ETF $ARKK

Private Advisor Group LLC lowered its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 268,851 shares of the company’s stock after selling 25,811 shares during the quarter. Private Advisor Group LLC owned approximately 0.28% of ARK Innovation ETF worth $23,202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ARKK. Caitlin John LLC bought a new stake in shares of ARK Innovation ETF during the third quarter valued at about $27,000. Addison Advisors LLC purchased a new stake in shares of ARK Innovation ETF in the third quarter worth about $28,000. New Millennium Group LLC bought a new position in shares of ARK Innovation ETF in the third quarter valued at approximately $31,000. Bessemer Group Inc. boosted its position in shares of ARK Innovation ETF by 4,955.6% in the third quarter. Bessemer Group Inc. now owns 455 shares of the company’s stock valued at $39,000 after acquiring an additional 446 shares during the period. Finally, Riggs Asset Managment Co. Inc. grew its stake in ARK Innovation ETF by 1,635.7% during the second quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock valued at $34,000 after acquiring an additional 458 shares in the last quarter.

ARK Innovation ETF Trading Up 2.6%

ARK Innovation ETF stock opened at $74.29 on Tuesday. The firm’s 50 day simple moving average is $75.85 and its 200 day simple moving average is $79.66. The firm has a market capitalization of $6.81 billion, a PE ratio of 50.14 and a beta of 1.96. ARK Innovation ETF has a 1-year low of $38.57 and a 1-year high of $92.65.

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.