Bank of Montreal Can Reduces Position in ARK Innovation ETF (NYSEARCA:ARKK)

Bank of Montreal Can reduced its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 49.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 206,219 shares of the company’s stock after selling 201,450 shares during the period. Bank of Montreal Can’s holdings in ARK Innovation ETF were worth $9,874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of ARK Innovation ETF in the second quarter valued at about $26,000. Global Trust Asset Management LLC grew its position in shares of ARK Innovation ETF by 550.0% during the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after buying an additional 550 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of ARK Innovation ETF in the 2nd quarter worth about $32,000. Strategic Investment Solutions Inc. IL acquired a new position in ARK Innovation ETF in the second quarter worth about $34,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of ARK Innovation ETF in the 2nd quarter worth approximately $37,000.

ARK Innovation ETF Stock Up 1.5 %

ARK Innovation ETF stock opened at $57.98 on Monday. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $58.38. The company has a fifty day moving average price of $50.09 and a two-hundred day moving average price of $46.44.

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.