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

B. Riley Wealth Advisors Inc. lowered its position in ARK Innovation ETF (NYSEARCA:ARKK) by 9.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 31,023 shares of the company’s stock after selling 3,282 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in ARK Innovation ETF were worth $1,454,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of ARKK. International Assets Investment Management LLC boosted 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 worth $755,420,000 after acquiring an additional 1,562,287 shares during the period. D. E. Shaw & Co. Inc. raised its stake in ARK Innovation ETF by 120.9% during the 2nd 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 during the period. Cowen AND Company LLC lifted its holdings in ARK Innovation ETF by 1,048.3% in the 2nd quarter. Cowen AND Company LLC now owns 275,950 shares of the company’s stock worth $12,128,000 after purchasing an additional 251,918 shares in the last quarter. Total Investment Management Inc. boosted its stake in ARK Innovation ETF by 16.9% in the 3rd quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock worth $63,625,000 after purchasing an additional 193,251 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in ARK Innovation ETF during the 3rd quarter valued at approximately $6,545,000.

ARK Innovation ETF Price Performance

ARKK stock opened at $62.94 on Tuesday. The company’s fifty day moving average price is $53.25 and its 200-day moving average price is $47.73. ARK Innovation ETF has a one year low of $36.85 and a one year high of $63.44.

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.