Purus Wealth Management LLC Decreases Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Purus Wealth Management LLC lowered its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,497 shares of the company’s stock after selling 5,988 shares during the period. Purus Wealth Management LLC’s holdings in ARK Innovation ETF were worth $1,902,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Global Trust Asset Management LLC increased its stake in ARK Innovation ETF by 550.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the period. Hershey Financial Advisers LLC acquired a new position in shares of ARK Innovation ETF in the second quarter worth about $32,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of ARK Innovation ETF in the second quarter worth about $34,000. Brown Brothers Harriman & Co. purchased a new position in ARK Innovation ETF in the third quarter valued at about $76,000. Finally, Hobbs Group Advisors LLC acquired a new stake in ARK Innovation ETF during the 3rd quarter valued at approximately $86,000.

ARK Innovation ETF Stock Up 1.5 %

Shares of ARKK opened at $59.61 on Monday. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $63.44. The business’s 50 day moving average is $58.52 and its two-hundred day moving average is $50.26.

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.