B. Riley Wealth Advisors Inc. Lowers Position in ARK Innovation ETF (NYSEARCA:ARKK)

B. Riley Wealth Advisors Inc. lessened its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 2.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,453 shares of the company’s stock after selling 1,276 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in ARK Innovation ETF were worth $2,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at about $93,781,000. Total Investment Management Inc. increased its holdings in shares of ARK Innovation ETF by 8,939.1% in the first quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock worth $56,598,000 after buying an additional 1,117,656 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of ARK Innovation ETF by 0.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 570,297 shares of the company’s stock worth $28,560,000 after buying an additional 2,736 shares during the period. Simplex Trading LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter worth about $29,351,000. Finally, McCarthy & Cox bought a new stake in shares of ARK Innovation ETF in the first quarter worth about $16,409,000.

ARK Innovation ETF Trading Up 0.6 %

NYSEARCA ARKK opened at $45.80 on Thursday. ARK Innovation ETF has a fifty-two week low of $33.76 and a fifty-two week high of $54.52. The stock has a 50 day simple moving average of $44.90 and a two-hundred day simple moving average of $46.48.

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.