Barnes Pettey Financial Advisors LLC Cuts Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Barnes Pettey Financial Advisors LLC lowered its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 29.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,935 shares of the company’s stock after selling 11,009 shares during the quarter. ARK Innovation ETF accounts for 1.0% of Barnes Pettey Financial Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Barnes Pettey Financial Advisors LLC’s holdings in ARK Innovation ETF were worth $1,280,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC raised its position in ARK Innovation ETF by 6.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 13,595 shares of the company’s stock valued at $681,000 after purchasing an additional 853 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of ARK Innovation ETF by 90.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 163,932 shares of the company’s stock valued at $8,210,000 after buying an additional 77,735 shares in the last quarter. Foguth Wealth Management LLC. bought a new stake in ARK Innovation ETF in the 1st quarter worth approximately $309,000. SeaCrest Wealth Management LLC boosted its stake in ARK Innovation ETF by 21.4% in the first quarter. SeaCrest Wealth Management LLC now owns 9,232 shares of the company’s stock worth $462,000 after buying an additional 1,625 shares in the last quarter. Finally, Sloy Dahl & Holst LLC boosted its stake in ARK Innovation ETF by 1.4% in the first quarter. Sloy Dahl & Holst LLC now owns 21,355 shares of the company’s stock worth $1,069,000 after buying an additional 285 shares in the last quarter.

ARK Innovation ETF Price Performance

ARKK stock opened at $47.67 on Friday. ARK Innovation ETF has a one year low of $33.76 and a one year high of $54.52. The company’s 50 day moving average price is $45.84 and its two-hundred day moving average price is $44.93.

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.