CreativeOne Wealth LLC Sells 2,315 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

CreativeOne Wealth LLC lowered its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 10.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,792 shares of the company’s stock after selling 2,315 shares during the period. CreativeOne Wealth LLC’s holdings in ARK Innovation ETF were worth $991,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of ARK Innovation ETF during the 4th quarter valued at about $93,781,000. Total Investment Management Inc. boosted its position in ARK Innovation ETF by 8,939.1% during the 1st quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock valued at $56,598,000 after acquiring an additional 1,117,656 shares in the last quarter. Simplex Trading LLC purchased a new position in shares of ARK Innovation ETF during the 4th quarter worth approximately $29,351,000. McCarthy & Cox bought a new position in shares of ARK Innovation ETF in the 1st quarter worth approximately $16,409,000. Finally, Global Assets Advisory LLC bought a new stake in shares of ARK Innovation ETF during the first quarter valued at approximately $15,603,000.

ARK Innovation ETF Price Performance

ARKK stock traded up $0.59 during midday trading on Friday, hitting $45.78. The stock had a trading volume of 7,211,692 shares, compared to its average volume of 12,030,110. The business has a 50-day moving average of $44.89 and a two-hundred day moving average of $46.56. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52.

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.