Clearwater Capital Advisors LLC Lowers Holdings in ARK Innovation ETF $ARKK

Clearwater Capital Advisors LLC trimmed its holdings in ARK Innovation ETF (BATS:ARKK) by 21.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,021 shares of the company’s stock after selling 6,955 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in ARK Innovation ETF were worth $1,759,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its position in shares of ARK Innovation ETF by 1.2% during the fourth quarter. D.A. Davidson & CO. now owns 11,315 shares of the company’s stock worth $870,000 after acquiring an additional 133 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in ARK Innovation ETF by 0.5% in the 1st quarter. Bleakley Financial Group LLC now owns 30,838 shares of the company’s stock valued at $2,084,000 after acquiring an additional 146 shares during the last quarter. Transcend Capital Advisors LLC increased its holdings in ARK Innovation ETF by 5.2% in the 4th quarter. Transcend Capital Advisors LLC now owns 3,031 shares of the company’s stock valued at $233,000 after acquiring an additional 150 shares during the last quarter. Integral Investment Advisors Inc. lifted its stake in ARK Innovation ETF by 0.7% in the 1st quarter. Integral Investment Advisors Inc. now owns 21,887 shares of the company’s stock worth $1,479,000 after purchasing an additional 150 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. lifted its stake in ARK Innovation ETF by 5.4% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 2,931 shares of the company’s stock worth $225,000 after purchasing an additional 150 shares in the last quarter.

ARK Innovation ETF Stock Down 2.1%

ARKK opened at $76.03 on Thursday. The firm has a 50-day simple moving average of $78.16 and a two-hundred day simple moving average of $75.81. ARK Innovation ETF has a 52 week low of $62.94 and a 52 week high of $92.65. The company has a market capitalization of $7.20 billion, a PE ratio of 50.14 and a beta of 1.92.

ARK Innovation ETF 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 issued by ARK.