Main Street Financial Solutions LLC Sells 16,839 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Main Street Financial Solutions LLC lessened its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 37.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,904 shares of the company’s stock after selling 16,839 shares during the quarter. Main Street Financial Solutions LLC’s holdings in ARK Innovation ETF were worth $3,649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Schonfeld Strategic Advisors LLC bought a new stake in shares of ARK Innovation ETF during the 1st quarter valued at about $1,347,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of ARK Innovation ETF by 10.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 19,712 shares of the company’s stock valued at $2,364,000 after acquiring an additional 1,821 shares during the last quarter. Longitude Cayman Ltd. lifted its position in ARK Innovation ETF by 6.6% in the 1st quarter. Longitude Cayman Ltd. now owns 103,375 shares of the company’s stock worth $12,400,000 after buying an additional 6,375 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in ARK Innovation ETF by 30.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 31,413 shares of the company’s stock worth $3,768,000 after buying an additional 7,303 shares during the last quarter. Finally, SMI Advisory Services LLC bought a new stake in ARK Innovation ETF in the 1st quarter worth approximately $22,804,000.

NYSEARCA:ARKK traded up $0.46 during mid-day trading on Wednesday, reaching $117.32. The stock had a trading volume of 353,294 shares, compared to its average volume of 9,774,519. The firm has a 50 day moving average price of $120.99 and a two-hundred day moving average price of $119.28. ARK Innovation ETF has a one year low of $85.27 and a one year high of $159.70.

Recommended Story: Debt-To-Equity Ratio

Want to see what other hedge funds are holding ARKK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARK Innovation ETF (NYSEARCA:ARKK).

Institutional Ownership by Quarter for ARK Innovation ETF (NYSEARCA:ARKK)

Receive News & Ratings for ARK Innovation ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARK Innovation ETF and related companies with MarketBeat.com's FREE daily email newsletter.