Commonwealth Retirement Investments LLC Has $480,000 Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Commonwealth Retirement Investments LLC decreased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 quarter.

Other hedge funds also recently modified their holdings of the company. Banco Santander S.A. grew its stake in ARK Innovation ETF by 8.5% in 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 during the period. Atria Investments Inc acquired a new stake in shares of ARK Innovation ETF in the 1st quarter valued at $1,335,000. Mather Group LLC. boosted its holdings in shares of ARK Innovation ETF by 47.4% in the 2nd 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 bought a new position in shares of ARK Innovation ETF in the 2nd quarter valued at $37,000. Finally, Family Firm Inc. bought a new position in shares of ARK Innovation ETF in the 2nd quarter valued at $49,000.

ARK Innovation ETF Price Performance

ARKK stock traded down $0.02 during mid-day trading on Tuesday, reaching $57.83. 4,127,980 shares of the company traded hands, compared to its average volume of 10,179,773. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $58.38. The firm’s 50 day moving average price is $46.92 and its 200 day moving average price is $45.34.

ARK Innovation ETF Company 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 managed by ARK.