TMD Wealth Management LLC raised its position in ARK Innovation ETF (NYSEARCA:ARKK) by 9.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,678 shares of the company’s stock after acquiring an additional 5,405 shares during the quarter. ARK Innovation ETF makes up about 3.7% of TMD Wealth Management LLC’s holdings, making the stock its 8th biggest holding. TMD Wealth Management LLC’s holdings in ARK Innovation ETF were worth $8,589,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of ARKK. Corbenic Partners LLC lifted its position in shares of ARK Innovation ETF by 150.0% during the 2nd quarter. Corbenic Partners LLC now owns 200 shares of the company’s stock worth $26,000 after buying an additional 120 shares during the last quarter. Abundance Wealth Counselors purchased a new stake in shares of ARK Innovation ETF during the 1st quarter worth approximately $30,000. Close Asset Management Ltd purchased a new stake in shares of ARK Innovation ETF during the 1st quarter worth approximately $33,000. Heritage Wealth Advisors purchased a new stake in shares of ARK Innovation ETF during the 2nd quarter worth approximately $33,000. Finally, Evoke Wealth LLC purchased a new stake in shares of ARK Innovation ETF during the 1st quarter worth approximately $34,000.
Shares of NYSEARCA:ARKK traded up $0.16 during trading on Wednesday, hitting $117.02. 238,608 shares of the company were exchanged, compared to its average volume of 9,774,519. ARK Innovation ETF has a 12-month low of $85.27 and a 12-month high of $159.70. The firm’s 50 day moving average price is $120.99 and its 200-day moving average price is $119.28.
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