ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Cetera Advisors LLC

Cetera Advisors LLC lessened its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 43.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 94,149 shares of the company’s stock after selling 71,449 shares during the quarter. Cetera Advisors LLC owned about 0.06% of ARK Innovation ETF worth $4,715,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of ARK Innovation ETF during the fourth quarter worth $93,781,000. Total Investment Management Inc. raised its position in ARK Innovation ETF by 8,939.1% during the first quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock valued at $56,598,000 after buying an additional 1,117,656 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in ARK Innovation ETF by 0.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 570,297 shares of the company’s stock valued at $28,560,000 after buying an additional 2,736 shares during the period. Simplex Trading LLC acquired a new position in ARK Innovation ETF during the fourth quarter valued at $29,351,000. Finally, Cetera Investment Advisers raised its position in ARK Innovation ETF by 120.0% during the first quarter. Cetera Investment Advisers now owns 329,452 shares of the company’s stock valued at $16,499,000 after buying an additional 179,699 shares during the period.

ARK Innovation ETF Stock Down 4.6 %

NYSEARCA:ARKK traded down $2.00 during trading hours on Friday, hitting $41.21. 14,706,074 shares of the company’s stock traded hands, compared to its average volume of 11,944,337. ARK Innovation ETF has a twelve month low of $33.76 and a twelve month high of $54.52. The stock’s fifty day moving average price is $44.83 and its two-hundred day moving average price is $46.41.

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.