Cladis Investment Advisory LLC Cuts Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Cladis Investment Advisory LLC lowered its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 69.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,001 shares of the company’s stock after selling 11,150 shares during the quarter. Cladis Investment Advisory LLC’s holdings in ARK Innovation ETF were worth $238,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in ARK Innovation ETF by 5,773.2% in the third quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock worth $755,420,000 after buying an additional 1,562,287 shares during the last quarter. Blue Trust Inc. increased its holdings in ARK Innovation ETF by 3.4% in the 3rd quarter. Blue Trust Inc. now owns 1,514,863 shares of the company’s stock worth $66,578,000 after acquiring an additional 50,251 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in ARK Innovation ETF by 120.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock valued at $62,177,000 after acquiring an additional 774,315 shares during the period. Granite Bay Wealth Management LLC lifted its holdings in ARK Innovation ETF by 3,969.2% during the second quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock valued at $62,559,000 after purchasing an additional 1,357,875 shares during the last quarter. Finally, Total Investment Management Inc. boosted its position in 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 purchasing an additional 193,251 shares during the period.

ARK Innovation ETF Price Performance

NYSEARCA ARKK opened at $57.98 on Monday. The company’s 50 day moving average is $50.09 and its 200-day moving average is $46.44. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $58.38.

About ARK Innovation ETF

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.