Bank of Montreal Can Lowers Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Bank of Montreal Can reduced its position in ARK Innovation ETF (NYSEARCA:ARKK) by 49.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,219 shares of the company’s stock after selling 201,450 shares during the quarter. Bank of Montreal Can owned 0.14% of ARK Innovation ETF worth $9,874,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atria Investments Inc purchased a new stake in ARK Innovation ETF in the first quarter worth approximately $1,335,000. Mather Group LLC. boosted its stake in shares of ARK Innovation ETF by 47.4% in the 2nd quarter. Mather Group LLC. now owns 1,079 shares of the company’s stock valued at $47,000 after purchasing an additional 347 shares in the last quarter. CWM LLC grew its holdings in shares of ARK Innovation ETF by 0.5% during the 2nd quarter. CWM LLC now owns 114,425 shares of the company’s stock valued at $5,029,000 after purchasing an additional 623 shares during the last quarter. Albion Financial Group UT raised its position in ARK Innovation ETF by 1,785.7% in the 2nd quarter. Albion Financial Group UT now owns 1,056 shares of the company’s stock worth $46,000 after purchasing an additional 1,000 shares during the period. Finally, Clarus Wealth Advisors lifted its stake in ARK Innovation ETF by 6.1% in the second quarter. Clarus Wealth Advisors now owns 12,955 shares of the company’s stock worth $595,000 after purchasing an additional 745 shares during the last quarter.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK opened at $57.98 on Monday. The company has a 50-day simple moving average of $50.09 and a two-hundred day simple moving average of $46.44. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $58.38.

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.