Glassman Wealth Services Decreases Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Glassman Wealth Services cut its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,283 shares of the company’s stock after selling 1,204 shares during the period. ARK Innovation ETF makes up approximately 0.2% of Glassman Wealth Services’ holdings, making the stock its 21st largest holding. Glassman Wealth Services’ holdings in ARK Innovation ETF were worth $935,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in ARK Innovation ETF in the 4th quarter valued at approximately $26,000. Westside Investment Management Inc. raised its stake in shares of ARK Innovation ETF by 107.1% during the 1st quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the last quarter. GoalVest Advisory LLC grew its stake in ARK Innovation ETF by 124.8% in the 1st quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock valued at $34,000 after acquiring an additional 372 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in ARK Innovation ETF during the 2nd quarter valued at about $37,000. Finally, Mather Group LLC. purchased a new position in ARK Innovation ETF during the 1st quarter valued at about $38,000.

ARK Innovation ETF Stock Down 4.6 %

Shares of NYSEARCA ARKK traded down $2.01 on Friday, hitting $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 stock has a 50 day moving average of $44.58 and a 200-day moving average of $45.65. 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.