First Horizon Advisors Inc. Reduces Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

First Horizon Advisors Inc. lessened its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 13.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,177 shares of the company’s stock after selling 1,384 shares during the quarter. First Horizon Advisors Inc.’s holdings in ARK Innovation ETF were worth $436,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of ARK Innovation ETF by 5,773.2% in 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 acquiring an additional 1,562,287 shares during the period. Granite Bay Wealth Management LLC raised its position in ARK Innovation ETF by 3,969.2% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock worth $62,559,000 after purchasing an additional 1,357,875 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in ARK Innovation ETF by 120.9% in the second 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 during the last quarter. Cowen AND Company LLC boosted its position in shares of ARK Innovation ETF by 1,048.3% during the second quarter. Cowen AND Company LLC now owns 275,950 shares of the company’s stock valued at $12,128,000 after buying an additional 251,918 shares during the period. Finally, Total Investment Management Inc. grew its stake in shares of 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 buying an additional 193,251 shares during the last quarter.

ARK Innovation ETF Price Performance

Shares of ARKK stock opened at $56.21 on Friday. The stock has a 50 day moving average price of $49.03 and a 200 day moving average price of $45.98. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $58.38.

About ARK Innovation ETF

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.