Valeo Financial Advisors LLC Has $234,000 Stock Position in ARK Innovation ETF $ARKK

Valeo Financial Advisors LLC reduced its position in ARK Innovation ETF (NYSEARCA:ARKK) by 92.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,714 shares of the company’s stock after selling 34,738 shares during the quarter. Valeo Financial Advisors LLC’s holdings in ARK Innovation ETF were worth $234,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Orion Porfolio Solutions LLC grew its position in ARK Innovation ETF by 8,291.5% in the second quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock valued at $113,120,000 after acquiring an additional 1,590,149 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of ARK Innovation ETF by 17.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 413,265 shares of the company’s stock valued at $35,665,000 after purchasing an additional 60,451 shares in the last quarter. Mission Wealth Management LP grew its holdings in shares of ARK Innovation ETF by 3.1% in the 2nd quarter. Mission Wealth Management LP now owns 326,428 shares of the company’s stock worth $22,945,000 after purchasing an additional 9,829 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in shares of ARK Innovation ETF by 0.9% in the 3rd quarter. Venture Visionary Partners LLC now owns 287,094 shares of the company’s stock worth $24,776,000 after purchasing an additional 2,547 shares during the last quarter. Finally, Clear Street LLC acquired a new stake in shares of ARK Innovation ETF during the 2nd quarter worth about $19,718,000.

ARK Innovation ETF Trading Down 3.6%

NYSEARCA ARKK opened at $74.87 on Friday. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96. The company has a 50 day moving average of $80.05 and a 200-day moving average of $80.28. 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.