Strategic Wealth Investment Group LLC Sells 4,985 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Strategic Wealth Investment Group LLC trimmed its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 45,428 shares of the company’s stock after selling 4,985 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in ARK Innovation ETF were worth $2,579,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC bought a new position in shares of ARK Innovation ETF in the 2nd quarter valued at approximately $246,000. Truist Financial Corp grew its holdings in ARK Innovation ETF by 3.1% during the second quarter. Truist Financial Corp now owns 172,433 shares of the company’s stock valued at $7,578,000 after purchasing an additional 5,160 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of ARK Innovation ETF in the second quarter valued at approximately $34,000. Sanctuary Advisors LLC acquired a new stake in shares of ARK Innovation ETF in the second quarter worth $2,115,000. Finally, Heritage Wealth Management Inc. bought a new stake in shares of ARK Innovation ETF during the 2nd quarter worth $290,000.

ARK Innovation ETF Trading Up 2.7 %

Shares of ARKK opened at $63.51 on Friday. ARK Innovation ETF has a one year low of $36.85 and a one year high of $64.03. The company’s fifty day moving average price is $59.49 and its 200 day moving average price is $51.11.

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.