B. Riley Wealth Advisors Inc. Reduces Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

B. Riley Wealth Advisors Inc. lowered its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,023 shares of the company’s stock after selling 3,282 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in ARK Innovation ETF were worth $1,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC increased its holdings in ARK Innovation ETF by 5,773.2% during the third quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock valued at $755,420,000 after buying an additional 1,562,287 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of ARK Innovation ETF by 120.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock worth $62,177,000 after purchasing an additional 774,315 shares in the last quarter. Cowen AND Company LLC raised its holdings in ARK Innovation ETF by 1,048.3% in the 2nd quarter. Cowen AND Company LLC now owns 275,950 shares of the company’s stock worth $12,128,000 after purchasing an additional 251,918 shares during the period. Total Investment Management Inc. lifted its position in ARK Innovation ETF by 16.9% during the third quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock valued at $63,625,000 after purchasing an additional 193,251 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in ARK Innovation ETF during the third quarter valued at about $6,545,000.

ARK Innovation ETF Stock Performance

Shares of ARKK opened at $62.94 on Tuesday. The business has a 50-day simple moving average of $53.25 and a two-hundred day simple moving average of $47.73. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $63.44.

ARK Innovation ETF Company 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.