Straight Path Wealth Management Sells 228 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Straight Path Wealth Management cut its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 1.7% in the third quarter, HoldingsChannel.com reports. The fund owned 13,002 shares of the company’s stock after selling 228 shares during the period. Straight Path Wealth Management’s holdings in ARK Innovation ETF were worth $618,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted 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 purchasing an additional 1,562,287 shares in the last quarter. Blue Trust Inc. lifted its holdings in ARK Innovation ETF by 3.4% during the third quarter. Blue Trust Inc. now owns 1,514,863 shares of the company’s stock valued at $66,578,000 after purchasing an additional 50,251 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in ARK Innovation ETF by 120.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock valued at $62,177,000 after purchasing an additional 774,315 shares in the last quarter. Granite Bay Wealth Management LLC lifted its holdings in ARK Innovation ETF by 3,969.2% during the second quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock valued at $62,559,000 after purchasing an additional 1,357,875 shares in the last quarter. Finally, Total Investment Management Inc. lifted its holdings 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.

ARK Innovation ETF Price Performance

NYSEARCA:ARKK traded down $0.39 during trading hours on Friday, hitting $53.46. 10,842,804 shares of the stock traded hands, compared to its average volume of 10,257,245. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $58.38. The stock has a 50 day moving average price of $47.90 and a 200 day moving average price of $45.61.

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.