ARK Innovation ETF (NYSEARCA:ARKK) is New World Advisors LLC’s 9th Largest Position

New World Advisors LLC trimmed its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 34,188 shares of the company’s stock after selling 1,427 shares during the quarter. ARK Innovation ETF comprises about 0.4% of New World Advisors LLC’s holdings, making the stock its 9th biggest holding. New World Advisors LLC’s holdings in ARK Innovation ETF were worth $1,625,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of ARK Innovation ETF in the second quarter worth approximately $26,000. Westside Investment Management Inc. lifted its position in ARK Innovation ETF by 107.1% in the 1st quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares in the last quarter. 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 purchasing 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 $32,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of ARK Innovation ETF in the 2nd quarter worth $34,000.

ARK Innovation ETF Trading Up 0.6 %

Shares of NYSEARCA:ARKK traded up $0.29 during midday trading on Friday, reaching $47.67. 6,306,107 shares of the company’s stock traded hands, compared to its average volume of 10,297,537. ARK Innovation ETF has a one year low of $33.76 and a one year high of $54.52. The stock has a 50 day moving average of $45.84 and a 200 day moving average of $44.93.

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.