Axxcess Wealth Management LLC Sells 6,620 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Axxcess Wealth Management LLC lessened its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,916 shares of the company’s stock after selling 6,620 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ARK Innovation ETF were worth $2,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arkadios Wealth Advisors lifted its stake in ARK Innovation ETF by 1.5% in the second quarter. Arkadios Wealth Advisors now owns 14,929 shares of the company’s stock valued at $656,000 after acquiring an additional 221 shares during the last quarter. Mcdonald Partners LLC raised its holdings in shares of ARK Innovation ETF by 1.9% in the 2nd quarter. Mcdonald Partners LLC now owns 12,038 shares of the company’s stock valued at $529,000 after purchasing an additional 225 shares during the period. Fountainhead AM LLC lifted its stake in ARK Innovation ETF by 5.0% in the 1st quarter. Fountainhead AM LLC now owns 4,923 shares of the company’s stock valued at $247,000 after purchasing an additional 233 shares during the last quarter. Sound Income Strategies LLC grew its holdings in ARK Innovation ETF by 6.4% during the second quarter. Sound Income Strategies LLC now owns 4,037 shares of the company’s stock worth $177,000 after purchasing an additional 243 shares during the period. Finally, TCP Asset Management LLC increased its position in ARK Innovation ETF by 5.5% during the first quarter. TCP Asset Management LLC now owns 4,799 shares of the company’s stock worth $240,000 after buying an additional 249 shares during the last quarter.

ARK Innovation ETF Stock Up 0.8 %

ARKK opened at $46.05 on Wednesday. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52. The business has a 50 day moving average of $44.47 and a 200-day moving average of $45.36.

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.