ARK Innovation ETF (NYSEARCA:ARKK) Position Cut by Moors & Cabot Inc.

Moors & Cabot Inc. trimmed its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 2.4% during the third quarter, Holdings Channel.com reports. The firm owned 20,387 shares of the company’s stock after selling 510 shares during the quarter. Moors & Cabot Inc.’s holdings in ARK Innovation ETF were worth $969,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Investments Inc purchased a new position in ARK Innovation ETF during the 1st quarter valued at about $1,335,000. Mather Group LLC. lifted its stake in ARK Innovation ETF by 47.4% during the second quarter. Mather Group LLC. now owns 1,079 shares of the company’s stock worth $47,000 after purchasing an additional 347 shares during the period. Opal Wealth Advisors LLC acquired a new position in ARK Innovation ETF during the second quarter worth $37,000. Family Firm Inc. acquired a new position in ARK Innovation ETF in the second quarter valued at about $49,000. Finally, Dynamic Advisor Solutions LLC increased its holdings in ARK Innovation ETF by 1.9% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 46,148 shares of the company’s stock valued at $2,028,000 after purchasing an additional 861 shares in the last quarter.

ARK Innovation ETF Stock Down 0.8 %

Shares of NYSEARCA ARKK opened at $54.85 on Friday. The company has a 50-day moving average of $48.82 and a two-hundred day moving average of $45.92. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $58.38.

About ARK Innovation ETF

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.