ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Independent Wealth Network Inc.

Independent Wealth Network Inc. reduced its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 10.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,571 shares of the company’s stock after selling 769 shares during the quarter. Independent Wealth Network Inc.’s holdings in ARK Innovation ETF were worth $373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clear Harbor Asset Management LLC grew its position in shares of ARK Innovation ETF by 2.3% in the third quarter. Clear Harbor Asset Management LLC now owns 12,338 shares of the company’s stock valued at $586,000 after purchasing an additional 282 shares during the last quarter. Straight Path Wealth Management grew its position in shares of ARK Innovation ETF by 2.7% in the second quarter. Straight Path Wealth Management now owns 13,230 shares of the company’s stock valued at $581,000 after purchasing an additional 350 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of ARK Innovation ETF by 3.1% in the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock valued at $579,000 after purchasing an additional 361 shares during the last quarter. Saxon Interests Inc. grew its position in shares of ARK Innovation ETF by 6.9% in the third quarter. Saxon Interests Inc. now owns 6,520 shares of the company’s stock valued at $310,000 after purchasing an additional 419 shares during the last quarter. Finally, Legacy Private Trust Co. grew its position in shares of ARK Innovation ETF by 1.4% in the third quarter. Legacy Private Trust Co. now owns 33,125 shares of the company’s stock valued at $1,574,000 after purchasing an additional 449 shares during the last quarter.

ARK Innovation ETF Trading Up 0.9 %

ARKK stock opened at $62.06 on Thursday. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $63.44. The company’s 50 day simple moving average is $58.65 and its 200-day simple moving average is $50.47.

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.