ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC trimmed its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 4.8% during the third quarter, Holdings Channel.com reports. The firm owned 6,253 shares of the company’s stock after selling 317 shares during the quarter. Phillips Wealth Planners LLC’s holdings in ARK Innovation ETF were worth $298,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in shares of ARK Innovation ETF by 4.6% in the third quarter. Farther Finance Advisors LLC now owns 14,434 shares of the company’s stock valued at $686,000 after acquiring an additional 635 shares in the last quarter. Strategic Wealth Investment Group LLC grew its holdings in ARK Innovation ETF by 22.5% during the third quarter. Strategic Wealth Investment Group LLC now owns 50,413 shares of the company’s stock worth $2,328,000 after acquiring an additional 9,243 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of ARK Innovation ETF by 12.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 32,585 shares of the company’s stock valued at $1,549,000 after purchasing an additional 3,534 shares in the last quarter. Clear Harbor Asset Management LLC grew its stake in shares of ARK Innovation ETF by 2.3% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 12,338 shares of the company’s stock worth $586,000 after purchasing an additional 282 shares during the last quarter. Finally, Convergence Financial LLC lifted its stake in ARK Innovation ETF by 5.9% during the third quarter. Convergence Financial LLC now owns 13,035 shares of the company’s stock valued at $620,000 after purchasing an additional 732 shares during the last quarter.

ARK Innovation ETF Stock Performance

Shares of NYSEARCA ARKK opened at $46.65 on Friday. The stock’s fifty day simple moving average is $46.08 and its 200 day simple moving average is $44.94. ARK Innovation ETF has a 52-week low of $36.85 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.