Cornerstone Wealth Group LLC Reduces Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Cornerstone Wealth Group LLC lessened its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 17.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,153 shares of the company’s stock after selling 54,313 shares during the quarter. ARK Innovation ETF makes up about 2.7% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 9th biggest position. Cornerstone Wealth Group LLC owned approximately 0.70% of ARK Innovation ETF worth $10,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bourgeon Capital Management LLC boosted its position in ARK Innovation ETF by 3.9% during the 2nd quarter. Bourgeon Capital Management LLC now owns 5,624 shares of the company’s stock valued at $270,000 after acquiring an additional 209 shares in the last quarter. Trustcore Financial Services LLC boosted its position in ARK Innovation ETF by 24.0% during the 2nd quarter. Trustcore Financial Services LLC now owns 1,172 shares of the company’s stock valued at $56,000 after acquiring an additional 227 shares in the last quarter. JPMorgan Chase & Co. boosted its position in ARK Innovation ETF by 6.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,598 shares of the company’s stock valued at $165,000 after acquiring an additional 231 shares in the last quarter. Cetera Advisor Networks LLC boosted its position in ARK Innovation ETF by 0.3% during the 2nd quarter. Cetera Advisor Networks LLC now owns 85,599 shares of the company’s stock valued at $4,117,000 after acquiring an additional 236 shares in the last quarter. Finally, Assetmark Inc. boosted its position in ARK Innovation ETF by 186.5% during the 2nd quarter. Assetmark Inc. now owns 596 shares of the company’s stock valued at $29,000 after acquiring an additional 388 shares in the last quarter.

Shares of ARKK opened at $45.85 on Friday. ARK Innovation ETF has a 12 month low of $34.75 and a 12 month high of $49.92. The stock has a fifty day moving average price of $43.13 and a 200-day moving average price of $44.88.

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

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