Northwestern Mutual Wealth Management Co. lessened its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 397,906 shares of the company’s stock after selling 28,016 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.27% of ARK Innovation ETF worth $17,488,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of ARK Innovation ETF in the 4th quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of ARK Innovation ETF in the second quarter valued at $26,000. Westside Investment Management Inc. grew its position in ARK Innovation ETF by 107.1% during the first quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock valued at $29,000 after acquiring an additional 300 shares during the period. GoalVest Advisory LLC grew its position in ARK Innovation ETF by 124.8% during the first quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock valued at $34,000 after acquiring an additional 372 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of ARK Innovation ETF in the second quarter worth about $37,000.
ARK Innovation ETF Stock Performance
Shares of NYSEARCA ARKK opened at $47.53 on Tuesday. The stock’s 50 day moving average price is $44.46 and its two-hundred day moving average price is $45.17. ARK Innovation ETF has a 52-week low of $33.76 and a 52-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.
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