SilverOak Wealth Management LLC Sells 415 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

SilverOak Wealth Management LLC cut its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 2.2% in the third quarter, Holdings Channel reports. The institutional investor owned 18,104 shares of the company’s stock after selling 415 shares during the quarter. SilverOak Wealth Management LLC’s holdings in ARK Innovation ETF were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. ARK Investment Management LLC bought a new position in ARK Innovation ETF during the third quarter worth $1,028,000. Ascension Capital Advisors Inc. raised its position in shares of ARK Innovation ETF by 32.0% during the third quarter. Ascension Capital Advisors Inc. now owns 356,194 shares of the company’s stock valued at $16,930,000 after buying an additional 86,382 shares during the last quarter. PDS Planning Inc bought a new stake in shares of ARK Innovation ETF in the third quarter valued at about $208,000. Janney Montgomery Scott LLC bought a new stake in shares of ARK Innovation ETF in the 3rd quarter worth approximately $1,675,000. Finally, Farther Finance Advisors LLC increased its holdings in ARK Innovation ETF by 4.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 14,434 shares of the company’s stock valued at $686,000 after buying an additional 635 shares during the period.

ARK Innovation ETF Trading Up 2.6 %

Shares of ARKK traded up $1.38 during mid-day trading on Friday, reaching $54.07. The company had a trading volume of 8,869,372 shares, compared to its average volume of 10,145,082. The company’s 50-day moving average is $46.66 and its 200-day moving average is $45.22. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $54.52.

About ARK Innovation ETF

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.