IHT Wealth Management LLC Increases Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

IHT Wealth Management LLC boosted its position in ARK Innovation ETF (NYSEARCA:ARKK) by 17.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 82,185 shares of the company’s stock after purchasing an additional 12,071 shares during the period. IHT Wealth Management LLC’s holdings in ARK Innovation ETF were worth $3,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARKK. Arkadios Wealth Advisors grew its position in ARK Innovation ETF by 1.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 14,929 shares of the company’s stock worth $656,000 after purchasing an additional 221 shares during the period. Mcdonald Partners LLC grew its holdings in ARK Innovation ETF by 1.9% during the second quarter. Mcdonald Partners LLC now owns 12,038 shares of the company’s stock worth $529,000 after acquiring an additional 225 shares during the period. Sound Income Strategies LLC raised its position in ARK Innovation ETF by 6.4% during the second quarter. Sound Income Strategies LLC now owns 4,037 shares of the company’s stock valued at $177,000 after acquiring an additional 243 shares in the last quarter. New World Advisors LLC raised its position in ARK Innovation ETF by 0.8% during the second quarter. New World Advisors LLC now owns 35,615 shares of the company’s stock valued at $1,565,000 after acquiring an additional 282 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its holdings in ARK Innovation ETF by 2.3% in the third quarter. Clear Harbor Asset Management LLC now owns 12,338 shares of the company’s stock valued at $586,000 after acquiring an additional 282 shares during the period.

ARK Innovation ETF Price Performance

Shares of NYSEARCA ARKK opened at $58.99 on Wednesday. The company’s fifty day moving average price is $50.58 and its 200 day moving average price is $46.64. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $59.63.

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.