Atomi Financial Group Inc. Has $442,000 Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Atomi Financial Group Inc. lessened its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 26.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 8,829 shares of the company’s stock after selling 3,172 shares during the quarter. Atomi Financial Group Inc.’s holdings in ARK Innovation ETF were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ARKK. International Assets Investment Management LLC bought a new position in shares of ARK Innovation ETF in the 4th quarter valued at about $93,781,000. Total Investment Management Inc. boosted its stake in ARK Innovation ETF by 8,939.1% in the first quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock valued at $56,598,000 after acquiring an additional 1,117,656 shares during the last quarter. Simplex Trading LLC acquired a new stake in ARK Innovation ETF during the 4th quarter worth $29,351,000. McCarthy & Cox acquired a new stake in ARK Innovation ETF during the 1st quarter worth $16,409,000. Finally, Global Assets Advisory LLC bought a new stake in shares of ARK Innovation ETF during the 1st quarter valued at $15,603,000.

ARK Innovation ETF Stock Up 2.4 %

Shares of NYSEARCA:ARKK traded up $1.11 during midday trading on Monday, hitting $47.90. The company had a trading volume of 8,202,514 shares, compared to its average volume of 12,150,192. The firm has a fifty day simple moving average of $44.47 and a 200 day simple moving average of $46.76. ARK Innovation ETF has a 12 month low of $33.76 and a 12 month high of $54.52.

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.