Arete Wealth Advisors LLC Trims Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Arete Wealth Advisors LLC lowered its position in ARK Innovation ETF (NYSEARCA:ARKK) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,705 shares of the company’s stock after selling 611 shares during the period. Arete Wealth Advisors LLC’s holdings in ARK Innovation ETF were worth $791,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of ARK Innovation ETF in the second quarter valued at approximately $26,000. Global Trust Asset Management LLC increased its holdings in ARK Innovation ETF by 550.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after acquiring an additional 550 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in ARK Innovation ETF in the 2nd quarter worth $32,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ARK Innovation ETF in the second quarter valued at about $34,000. Finally, Opal Wealth Advisors LLC purchased a new stake in ARK Innovation ETF during the 2nd quarter worth approximately $37,000.

ARK Innovation ETF Stock Performance

Shares of NYSEARCA:ARKK opened at $57.98 on Friday. The business has a fifty day moving average of $50.09 and a two-hundred day moving average of $46.43. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $58.38.

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.