Redhawk Wealth Advisors Inc. Lowers Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Redhawk Wealth Advisors Inc. trimmed its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,954 shares of the company’s stock after selling 209 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in ARK Innovation ETF were worth $1,473,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Advisors Management Group Inc. ADV purchased a new stake in shares of ARK Innovation ETF in the fourth quarter valued at $224,000. Park Avenue Securities LLC raised its position in ARK Innovation ETF by 211.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,321 shares of the company’s stock worth $756,000 after purchasing an additional 9,041 shares during the period. Fiduciary Alliance LLC bought a new stake in ARK Innovation ETF in the fourth quarter worth about $226,000. Sculati Wealth Management LLC purchased a new position in shares of ARK Innovation ETF during the third quarter valued at approximately $220,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of ARK Innovation ETF during the third quarter valued at approximately $86,000.

ARK Innovation ETF Stock Performance

ARKK opened at $58.67 on Thursday. The business has a fifty day moving average of $58.16 and a 200 day moving average of $49.97. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $63.44.

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.