McCarthy & Cox Trims Position in ARK Innovation ETF (NYSEARCA:ARKK)

McCarthy & Cox trimmed its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 91.0% during the 3rd quarter, Holdings Channel reports. The firm owned 30,251 shares of the company’s stock after selling 307,006 shares during the period. ARK Innovation ETF comprises 0.6% of McCarthy & Cox’s investment portfolio, making the stock its 25th biggest position. McCarthy & Cox’s holdings in ARK Innovation ETF were worth $1,438,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Granite Bay Wealth Management LLC boosted its position in shares of ARK Innovation ETF by 3,969.2% during the second quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock worth $62,559,000 after acquiring an additional 1,357,875 shares during the last quarter. Total Investment Management Inc. boosted its holdings in shares of ARK Innovation ETF by 8,939.1% during the 1st quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock valued at $56,598,000 after purchasing an additional 1,117,656 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of ARK Innovation ETF by 120.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock valued at $62,177,000 after purchasing an additional 774,315 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of ARK Innovation ETF in the first quarter worth about $15,603,000. Finally, Cowen AND Company LLC lifted its position in shares of ARK Innovation ETF by 1,048.3% in the second quarter. Cowen AND Company LLC now owns 275,950 shares of the company’s stock worth $12,128,000 after buying an additional 251,918 shares in the last quarter.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK traded up $0.47 during trading on Friday, hitting $46.64. 4,359,667 shares of the stock traded hands, compared to its average volume of 10,538,354. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52. The firm has a 50-day simple moving average of $44.70 and a 200-day simple moving average of $45.00.

ARK Innovation ETF 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.