Phillips Wealth Planners LLC Decreases Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Phillips Wealth Planners LLC trimmed its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,253 shares of the company’s stock after selling 317 shares during the period. Phillips Wealth Planners LLC’s holdings in ARK Innovation ETF were worth $298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of ARK Innovation ETF in the 2nd quarter valued at approximately $26,000. Global Trust Asset Management LLC boosted its stake in ARK Innovation ETF by 550.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after acquiring an additional 550 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of ARK Innovation ETF in the 2nd quarter worth about $32,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ARK Innovation ETF in the 2nd quarter valued at about $34,000. Finally, Consultiva Wealth Management CORP. acquired a new position in ARK Innovation ETF in the first quarter worth about $42,000.

ARK Innovation ETF Price Performance

ARKK stock opened at $46.65 on Friday. The stock’s 50 day simple moving average is $46.08 and its 200 day simple moving average is $44.94. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $54.52.

ARK Innovation ETF 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.