Purus Wealth Management LLC lowered its stake in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 1.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 41,172 shares of the company’s stock after selling 653 shares during the period. Purus Wealth Management LLC’s holdings in ARK Innovation ETF were worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in shares of ARK Innovation ETF during the 4th quarter worth $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of ARK Innovation ETF during the 2nd quarter worth $26,000. Westside Investment Management Inc. boosted its stake in shares of ARK Innovation ETF by 107.1% during the 1st quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares during the last quarter. GoalVest Advisory LLC boosted its stake in shares of ARK Innovation ETF by 124.8% during the 1st quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock worth $34,000 after acquiring an additional 372 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of ARK Innovation ETF during the 2nd quarter worth $37,000.
ARK Innovation ETF Trading Up 0.8 %
Shares of ARK Innovation ETF stock opened at $46.05 on Wednesday. The company’s fifty day simple moving average is $44.47 and its 200-day simple moving average is $45.36. ARK Innovation ETF has a 1-year low of $33.76 and a 1-year 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.
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