Sound Income Strategies LLC Decreases Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Sound Income Strategies LLC reduced its position in ARK Innovation ETF (NYSEARCA:ARKK) by 69.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,233 shares of the company’s stock after selling 2,804 shares during the period. Sound Income Strategies LLC’s holdings in ARK Innovation ETF were worth $59,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARKK. D. E. Shaw & Co. Inc. lifted its holdings in shares of ARK Innovation ETF by 120.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock valued at $62,177,000 after purchasing an additional 774,315 shares in the last quarter. Granite Bay Wealth Management LLC raised its position in shares of ARK Innovation ETF by 3,969.2% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock worth $62,559,000 after purchasing an additional 1,357,875 shares during the last quarter. Total Investment Management Inc. lifted its stake in ARK Innovation ETF by 1.3% in the 2nd quarter. Total Investment Management Inc. now owns 1,145,381 shares of the company’s stock valued at $50,339,000 after buying an additional 15,222 shares in the last quarter. Cetera Investment Advisers grew its holdings in ARK Innovation ETF by 120.0% during the 1st 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 last quarter. Finally, McCarthy & Cox purchased a new position in ARK Innovation ETF during the first quarter worth $16,409,000.

ARK Innovation ETF Stock Performance

NYSEARCA:ARKK opened at $47.37 on Tuesday. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52. The company’s 50-day moving average is $44.85 and its two-hundred day moving average is $44.94.

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.