Bridgewealth Advisory Group LLC Lowers Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Bridgewealth Advisory Group LLC reduced its position in ARK Innovation ETF (NYSEARCA:ARKK) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,978 shares of the company’s stock after selling 272 shares during the period. Bridgewealth Advisory Group LLC’s holdings in ARK Innovation ETF were worth $261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARKK. Private Trust Co. NA grew its stake in ARK Innovation ETF by 8.0% in the 3rd quarter. Private Trust Co. NA now owns 3,679 shares of the company’s stock worth $146,000 after acquiring an additional 271 shares during the period. FinTrust Capital Advisors LLC boosted its holdings in shares of ARK Innovation ETF by 160.2% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,868 shares of the company’s stock valued at $74,000 after purchasing an additional 1,150 shares during the last quarter. Clearwater Capital Advisors LLC boosted its holdings in shares of ARK Innovation ETF by 1.4% in the 3rd quarter. Clearwater Capital Advisors LLC now owns 106,045 shares of the company’s stock valued at $4,207,000 after purchasing an additional 1,512 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of ARK Innovation ETF by 45.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 72,718 shares of the company’s stock valued at $2,885,000 after purchasing an additional 22,609 shares during the last quarter. Finally, SkyOak Wealth LLC boosted its holdings in shares of ARK Innovation ETF by 0.8% in the 3rd quarter. SkyOak Wealth LLC now owns 108,525 shares of the company’s stock valued at $4,305,000 after purchasing an additional 904 shares during the last quarter.

ARK Innovation ETF Stock Up 2.5 %

Shares of ARKK traded up $1.09 during mid-day trading on Monday, reaching $45.16. The company had a trading volume of 2,632,243 shares, compared to its average volume of 14,116,188. The firm has a fifty day simple moving average of $48.15 and a 200-day simple moving average of $46.48. ARK Innovation ETF has a fifty-two week low of $33.76 and a fifty-two week high of $54.52.

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.