Kraematon Investment Advisors Inc. Trims Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Kraematon Investment Advisors Inc. cut its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,361 shares of the company’s stock after selling 435 shares during the quarter. ARK Innovation ETF makes up approximately 1.5% of Kraematon Investment Advisors Inc.’s holdings, making the stock its 21st largest holding. Kraematon Investment Advisors Inc.’s holdings in ARK Innovation ETF were worth $1,340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Nemes Rush Group LLC acquired a new stake in shares of ARK Innovation ETF during the second quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in ARK Innovation ETF during the 1st quarter valued at $25,000. RFP Financial Group LLC bought a new stake in shares of ARK Innovation ETF in the 2nd quarter worth about $27,000. Hollencrest Capital Management increased its position in shares of ARK Innovation ETF by 74.5% in the 1st quarter. Hollencrest Capital Management now owns 698 shares of the company’s stock worth $28,000 after purchasing an additional 298 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of ARK Innovation ETF by 106.7% in the 1st quarter. Bessemer Group Inc. now owns 775 shares of the company’s stock valued at $31,000 after purchasing an additional 400 shares in the last quarter.

ARK Innovation ETF Stock Up 2.3 %

NYSEARCA:ARKK traded up $1.01 during mid-day trading on Monday, reaching $44.71. The stock had a trading volume of 8,432,720 shares, compared to its average volume of 19,263,094. ARK Innovation ETF has a 1-year low of $29.43 and a 1-year high of $51.33. The stock’s 50 day simple moving average is $39.28 and its two-hundred day simple moving average is $41.81.

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 managed by ARK.