Activest Wealth Management Decreases Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Activest Wealth Management reduced its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 78.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,870 shares of the company’s stock after selling 10,465 shares during the quarter. Activest Wealth Management’s holdings in ARK Innovation ETF were worth $136,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Quadrature Capital Ltd increased its holdings in shares of ARK Innovation ETF by 1,036.7% in the first quarter. Quadrature Capital Ltd now owns 103,963 shares of the company’s stock worth $5,202,000 after purchasing an additional 94,817 shares during the last quarter. Prudent Investors Network Inc. bought a new position in ARK Innovation ETF in the 1st quarter worth about $285,000. Consultiva Wealth Management CORP. bought a new position in ARK Innovation ETF in the first quarter worth approximately $42,000. Jaffetilchin Investment Partners LLC increased its stake in shares of ARK Innovation ETF by 1.9% during the first quarter. Jaffetilchin Investment Partners LLC now owns 14,501 shares of the company’s stock valued at $726,000 after buying an additional 277 shares during the period. Finally, Atria Investments Inc purchased a new position in ARK Innovation ETF during the 1st quarter valued at about $1,335,000.

ARK Innovation ETF Stock Performance

NYSEARCA:ARKK traded up $0.06 during trading hours on Thursday, reaching $55.34. The company’s stock had a trading volume of 1,039,368 shares, compared to its average volume of 10,193,102. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $58.38. The stock has a 50 day moving average price of $48.62 and a two-hundred day moving average price of $45.85.

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.