Independent Wealth Network Inc. Trims Position in ARK Innovation ETF (NYSEARCA:ARKK)

Independent Wealth Network Inc. trimmed its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 10.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,571 shares of the company’s stock after selling 769 shares during the period. Independent Wealth Network Inc.’s holdings in ARK Innovation ETF were worth $373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Trust Asset Management LLC raised 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 valued at $31,000 after buying an additional 550 shares during the last quarter. Hershey Financial Advisers LLC purchased a new position in ARK Innovation ETF during the second quarter worth about $32,000. Strategic Investment Solutions Inc. IL purchased a new position in ARK Innovation ETF during the second quarter worth about $34,000. Brown Brothers Harriman & Co. purchased a new position in ARK Innovation ETF during the third quarter worth about $76,000. Finally, Hobbs Group Advisors LLC purchased a new position in ARK Innovation ETF during the third quarter worth about $86,000.

ARK Innovation ETF Price Performance

NYSEARCA ARKK opened at $62.06 on Thursday. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $63.44. The firm has a 50-day moving average price of $58.65 and a 200 day moving average price of $50.47.

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.