Prudent Investors Network Inc. Lowers Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Prudent Investors Network Inc. lowered its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 19.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,629 shares of the company’s stock after selling 1,088 shares during the period. Prudent Investors Network Inc.’s holdings in ARK Innovation ETF were worth $220,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC grew its position in shares of ARK Innovation ETF by 5,773.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock valued at $755,420,000 after acquiring an additional 1,562,287 shares during the period. Blue Trust Inc. increased its stake in shares of ARK Innovation ETF by 3.4% during the third quarter. Blue Trust Inc. now owns 1,514,863 shares of the company’s stock worth $66,578,000 after purchasing an additional 50,251 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of ARK Innovation ETF by 120.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock worth $62,177,000 after purchasing an additional 774,315 shares during the last quarter. Granite Bay Wealth Management LLC lifted its stake in ARK Innovation ETF by 3,969.2% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock valued at $62,559,000 after buying an additional 1,357,875 shares in the last quarter. Finally, Total Investment Management Inc. boosted its holdings in ARK Innovation ETF by 1.3% in the 2nd quarter. Total Investment Management Inc. now owns 1,145,381 shares of the company’s stock worth $50,339,000 after buying an additional 15,222 shares during the last quarter.

ARK Innovation ETF Stock Up 8.2 %

Shares of NYSEARCA:ARKK opened at $52.15 on Thursday. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $54.52. The business’s 50 day moving average price is $46.31 and its 200-day moving average price is $45.08.

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.