HBK Sorce Advisory LLC Sells 1,147 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

HBK Sorce Advisory LLC cut its position in ARK Innovation ETF (NYSEARCA:ARKK) by 6.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,752 shares of the company’s stock after selling 1,147 shares during the period. HBK Sorce Advisory LLC’s holdings in ARK Innovation ETF were worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Granite Bay Wealth Management LLC boosted its position in shares of ARK Innovation ETF by 3,969.2% in the second quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock valued at $62,559,000 after acquiring an additional 1,357,875 shares during the period. Total Investment Management Inc. boosted its holdings in ARK Innovation ETF by 1.3% in the 2nd quarter. Total Investment Management Inc. now owns 1,145,381 shares of the company’s stock valued at $50,339,000 after purchasing an additional 15,222 shares during the period. Cetera Investment Advisers grew its position in shares of ARK Innovation ETF by 120.0% during the 1st quarter. Cetera Investment Advisers now owns 329,452 shares of the company’s stock worth $16,499,000 after purchasing an additional 179,699 shares in the last quarter. McCarthy & Cox bought a new position in shares of ARK Innovation ETF during the first quarter worth approximately $16,409,000. Finally, Global Assets Advisory LLC bought a new position in shares of ARK Innovation ETF during the first quarter worth approximately $15,603,000.

ARK Innovation ETF Trading Up 1.7 %

Shares of ARKK stock opened at $45.73 on Friday. ARK Innovation ETF has a 1 year low of $33.76 and a 1 year high of $54.52. The stock has a 50 day simple moving average of $44.47 and a 200 day simple moving average of $45.51.

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.