BluePointe Capital Management LLC Has $451,000 Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

BluePointe Capital Management LLC cut its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 24.3% in the 3rd quarter, Holdings Channel reports. The firm owned 9,479 shares of the company’s stock after selling 3,046 shares during the period. BluePointe Capital Management LLC’s holdings in ARK Innovation ETF were worth $451,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Missouri Trust & Investment Co increased its position in ARK Innovation ETF by 15.2% during the 3rd quarter. Missouri Trust & Investment Co now owns 38,900 shares of the company’s stock worth $1,849,000 after purchasing an additional 5,140 shares in the last quarter. Total Investment Management Inc. increased its holdings in shares of ARK Innovation ETF by 16.9% during the third quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock worth $63,625,000 after buying an additional 193,251 shares in the last quarter. Verus Capital Partners LLC lifted its stake in shares of ARK Innovation ETF by 6.6% in the 3rd quarter. Verus Capital Partners LLC now owns 11,903 shares of the company’s stock valued at $566,000 after acquiring an additional 740 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of ARK Innovation ETF by 10.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,800 shares of the company’s stock valued at $1,464,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Apollon Wealth Management LLC acquired a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at $209,000.

ARK Innovation ETF Stock Down 3.6 %

Shares of ARKK opened at $53.85 on Friday. The business has a 50-day simple moving average of $47.46 and a two-hundred day simple moving average of $45.50. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $58.38.

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.