First Horizon Advisors Inc. Sells 1,384 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

First Horizon Advisors Inc. trimmed its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 13.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,177 shares of the company’s stock after selling 1,384 shares during the period. First Horizon Advisors Inc.’s holdings in ARK Innovation ETF were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

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

ARK Innovation ETF Stock Up 2.6 %

NYSEARCA:ARKK opened at $56.21 on Friday. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $58.38. The stock’s 50 day simple moving average is $49.03 and its two-hundred day simple moving average is $45.98.

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.