ARK Innovation ETF (NYSEARCA:ARKK) Stock Position Decreased by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lowered its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,652 shares of the company’s stock after selling 1,253 shares during the period. Cornerstone Wealth Management LLC’s holdings in ARK Innovation ETF were worth $775,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in ARK Innovation ETF by 5,773.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock valued at $755,420,000 after purchasing an additional 1,562,287 shares during the period. Total Investment Management Inc. boosted its holdings 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 acquiring an additional 193,251 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of ARK Innovation ETF during the third quarter worth about $6,545,000. Claro Advisors LLC increased its holdings in shares of ARK Innovation ETF by 1,588.1% in the 3rd quarter. Claro Advisors LLC now owns 123,266 shares of the company’s stock worth $5,859,000 after acquiring an additional 115,964 shares during the period. Finally, SG Americas Securities LLC lifted its position in ARK Innovation ETF by 1,040.4% in the 3rd quarter. SG Americas Securities LLC now owns 107,076 shares of the company’s stock valued at $5,089,000 after purchasing an additional 97,687 shares during the last quarter.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK opened at $62.33 on Friday. The company has a 50-day moving average price of $59.13 and a two-hundred day moving average price of $50.75. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $63.61.

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.