Merkkuri Wealth Advisors LLC Decreases Position in ARK Innovation ETF (NYSEARCA:ARKK)

Merkkuri Wealth Advisors LLC lowered its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 8.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,426 shares of the company’s stock after selling 397 shares during the quarter. Merkkuri Wealth Advisors LLC’s holdings in ARK Innovation ETF were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in ARK Innovation ETF by 5,773.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock worth $755,420,000 after purchasing an additional 1,562,287 shares during the period. Granite Bay Wealth Management LLC grew its holdings in ARK Innovation ETF by 3,969.2% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock worth $62,559,000 after acquiring an additional 1,357,875 shares in the last quarter. Total Investment Management Inc. raised its holdings in shares of ARK Innovation ETF by 8,939.1% in the 1st quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock valued at $56,598,000 after purchasing an additional 1,117,656 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of ARK Innovation ETF by 120.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock worth $62,177,000 after purchasing an additional 774,315 shares during the last quarter. Finally, McCarthy & Cox acquired a new stake in ARK Innovation ETF in the first quarter valued at $16,409,000.

ARK Innovation ETF Stock Up 3.5 %

NYSEARCA:ARKK opened at $47.38 on Friday. ARK Innovation ETF has a 1 year low of $33.76 and a 1 year high of $54.52. The stock has a 50-day simple moving average of $45.70 and a 200-day simple moving average of $44.91.

ARK Innovation ETF 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.