ARK Innovation ETF (NYSEARCA:ARKK) Stake Increased by IHT Wealth Management LLC

IHT Wealth Management LLC increased its stake in ARK Innovation ETF (NYSEARCA:ARKK – Get Rating) by 54.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,809 shares of the company’s stock after buying an additional 16,591 shares during the period. IHT Wealth Management LLC’s holdings in ARK Innovation ETF were worth $1,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARKK. Wealthspire Advisors LLC boosted its holdings in ARK Innovation ETF by 64.4% in the third quarter. Wealthspire Advisors LLC now owns 25,112 shares of the company’s stock worth $947,000 after purchasing an additional 9,833 shares during the period. B. Riley Wealth Management Inc. boosted its holdings in ARK Innovation ETF by 12.5% in the second quarter. B. Riley Wealth Management Inc. now owns 15,898 shares of the company’s stock worth $634,000 after purchasing an additional 1,766 shares during the period. Intrust Bank NA acquired a new position in ARK Innovation ETF in the second quarter worth $219,000. Consolidated Planning Corp acquired a new position in ARK Innovation ETF in the second quarter worth $1,233,000. Finally, Good Life Advisors LLC boosted its holdings in ARK Innovation ETF by 12.4% in the third quarter. Good Life Advisors LLC now owns 18,031 shares of the company’s stock worth $680,000 after purchasing an additional 1,996 shares during the period.

ARK Innovation ETF Price Performance

Shares of ARKK opened at $39.24 on Friday. ARK Innovation ETF has a 1 year low of $29.43 and a 1 year high of $72.00. The firm has a fifty day moving average of $38.74 and a 200-day moving average of $37.57.

ARK Innovation ETF Profile

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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.