Raymond James Financial Services Advisors Inc. Reduces Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Raymond James Financial Services Advisors Inc. decreased its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 3.0% during the second quarter, HoldingsChannel.com reports. The firm owned 553,143 shares of the company’s stock after selling 17,154 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in ARK Innovation ETF were worth $24,311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Advisory Services Network LLC increased its stake in ARK Innovation ETF by 7.6% in the 4th quarter. Advisory Services Network LLC now owns 12,000 shares of the company’s stock worth $628,000 after buying an additional 846 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in shares of ARK Innovation ETF by 246.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 25,781 shares of the company’s stock worth $1,350,000 after acquiring an additional 18,340 shares during the period. Banco Santander S.A. raised its stake in shares of ARK Innovation ETF by 8.5% during the first quarter. Banco Santander S.A. now owns 16,516 shares of the company’s stock valued at $827,000 after acquiring an additional 1,290 shares in the last quarter. Leo Wealth LLC purchased a new stake in shares of ARK Innovation ETF in the fourth quarter valued at approximately $207,000. Finally, SageView Advisory Group LLC grew its stake in ARK Innovation ETF by 6.3% in the fourth quarter. SageView Advisory Group LLC now owns 10,828 shares of the company’s stock worth $567,000 after purchasing an additional 642 shares in the last quarter.

ARK Innovation ETF Stock Performance

Shares of ARK Innovation ETF stock opened at $45.23 on Tuesday. The stock’s fifty day moving average price is $44.43 and its 200-day moving average price is $46.06. ARK Innovation ETF has a 12 month low of $33.76 and a 12 month high of $54.52.

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.