Commonwealth Retirement Investments LLC Decreases Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Commonwealth Retirement Investments LLC decreased its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,103 shares of the company’s stock after selling 1,774 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in ARK Innovation ETF were worth $480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ARKK. Banco Santander S.A. lifted its stake in shares of ARK Innovation ETF by 8.5% in the first quarter. Banco Santander S.A. now owns 16,516 shares of the company’s stock worth $827,000 after buying an additional 1,290 shares in the last quarter. Atria Investments Inc acquired a new position in shares of ARK Innovation ETF in the first quarter valued at approximately $1,335,000. Mather Group LLC. grew its holdings in shares of ARK Innovation ETF by 47.4% in the second quarter. Mather Group LLC. now owns 1,079 shares of the company’s stock valued at $47,000 after purchasing an additional 347 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in ARK Innovation ETF in the second quarter worth approximately $37,000. Finally, Family Firm Inc. purchased a new position in ARK Innovation ETF in the second quarter worth approximately $49,000.

ARK Innovation ETF Stock Down 0.0 %

Shares of NYSEARCA:ARKK traded down $0.02 during trading on Tuesday, hitting $57.83. 4,127,980 shares of the company were exchanged, compared to its average volume of 10,179,773. The firm’s 50 day moving average price is $46.92 and its 200-day moving average price is $45.34. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month 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.