Perissos Private Wealth Management LLC Sells 1,028 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Perissos Private Wealth Management LLC reduced its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 15.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,478 shares of the company’s stock after selling 1,028 shares during the quarter. Perissos Private Wealth Management LLC’s holdings in ARK Innovation ETF were worth $241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SilverOak Wealth Management LLC raised its stake in shares of ARK Innovation ETF by 3.7% in the 2nd quarter. SilverOak Wealth Management LLC now owns 18,519 shares of the company’s stock valued at $814,000 after purchasing an additional 658 shares during the period. J.W. Cole Advisors Inc. raised its position in ARK Innovation ETF by 7.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 20,512 shares of the company’s stock valued at $902,000 after buying an additional 1,417 shares during the last quarter. Wealthspire Advisors LLC lifted its stake in ARK Innovation ETF by 26.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 8,225 shares of the company’s stock valued at $361,000 after acquiring an additional 1,730 shares in the last quarter. Wetzel Investment Advisors Inc. lifted its stake in ARK Innovation ETF by 53.1% in the 2nd quarter. Wetzel Investment Advisors Inc. now owns 4,850 shares of the company’s stock valued at $209,000 after acquiring an additional 1,683 shares in the last quarter. Finally, Cowen AND Company LLC boosted its position in ARK Innovation ETF by 1,048.3% during the 2nd quarter. Cowen AND Company LLC now owns 275,950 shares of the company’s stock worth $12,128,000 after acquiring an additional 251,918 shares during the last quarter.

ARK Innovation ETF Trading Up 1.7 %

NYSEARCA ARKK opened at $45.76 on Monday. The firm’s 50 day moving average is $44.47 and its 200-day moving average is $45.43. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52.

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.