Glassman Wealth Services Reduces Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Glassman Wealth Services decreased its position in ARK Innovation ETF (NYSEARCA:ARKK) by 5.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,283 shares of the company’s stock after selling 1,204 shares during the quarter. ARK Innovation ETF comprises about 0.2% of Glassman Wealth Services’ holdings, making the stock its 21st largest position. Glassman Wealth Services’ holdings in ARK Innovation ETF were worth $935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors raised its position in shares of ARK Innovation ETF by 1.5% in the second quarter. Arkadios Wealth Advisors now owns 14,929 shares of the company’s stock valued at $656,000 after buying an additional 221 shares during the last quarter. Mcdonald Partners LLC raised its holdings in ARK Innovation ETF by 1.9% in the 2nd quarter. Mcdonald Partners LLC now owns 12,038 shares of the company’s stock valued at $529,000 after acquiring an additional 225 shares during the last quarter. Fountainhead AM LLC raised its holdings in ARK Innovation ETF by 5.0% in the 1st quarter. Fountainhead AM LLC now owns 4,923 shares of the company’s stock valued at $247,000 after acquiring an additional 233 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of ARK Innovation ETF by 6.4% during the 2nd quarter. Sound Income Strategies LLC now owns 4,037 shares of the company’s stock worth $177,000 after purchasing an additional 243 shares during the period. Finally, TCP Asset Management LLC boosted its holdings in shares of ARK Innovation ETF by 5.5% during the first quarter. TCP Asset Management LLC now owns 4,799 shares of the company’s stock worth $240,000 after purchasing an additional 249 shares during the last quarter.

ARK Innovation ETF Price Performance

Shares of NYSEARCA:ARKK traded down $2.01 during midday trading on Friday, reaching $41.59. The company’s stock had a trading volume of 10,392,528 shares, compared to its average volume of 11,304,919. The business has a 50 day moving average price of $44.58 and a 200 day moving average price of $45.65. ARK Innovation ETF has a 1 year low of $33.76 and a 1 year high of $54.52.

ARK Innovation ETF Company Profile

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.