Gerber LLC Cuts Holdings in ARK Innovation ETF $ARKK

Gerber LLC cut its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,392 shares of the company’s stock after selling 18,323 shares during the period. ARK Innovation ETF makes up approximately 9.2% of Gerber LLC’s portfolio, making the stock its 4th biggest position. Gerber LLC owned approximately 0.18% of ARK Innovation ETF worth $14,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group acquired a new stake in ARK Innovation ETF during the second quarter worth approximately $28,000. SJS Investment Consulting Inc. boosted its holdings in shares of ARK Innovation ETF by 4,410.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock worth $32,000 after buying an additional 441 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its holdings in shares of ARK Innovation ETF by 1,635.7% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock worth $34,000 after buying an additional 458 shares in the last quarter. DHJJ Financial Advisors Ltd. grew its position in shares of ARK Innovation ETF by 51,200.0% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock worth $36,000 after buying an additional 512 shares during the period. Finally, Mather Group LLC. bought a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at $62,000.

ARK Innovation ETF Stock Down 0.0%

ARK Innovation ETF stock opened at $83.20 on Thursday. ARK Innovation ETF has a 12-month low of $38.57 and a 12-month high of $92.65. The firm’s fifty day moving average is $79.51 and its 200 day moving average is $79.57. The company has a market capitalization of $7.56 billion, a PE ratio of 50.14 and a beta of 1.96.

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.