Wealth Effects LLC Sells 1,375 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Wealth Effects LLC reduced its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 19.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,800 shares of the company’s stock after selling 1,375 shares during the quarter. Wealth Effects LLC’s holdings in ARK Innovation ETF were worth $329,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ARKK. International Assets Investment Management LLC lifted its holdings in ARK Innovation ETF by 5,773.2% in the third quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock valued at $755,420,000 after acquiring an additional 1,562,287 shares during the period. Total Investment Management Inc. increased its position in ARK Innovation ETF by 16.9% in the third quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock worth $63,625,000 after buying an additional 193,251 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of ARK Innovation ETF in the third quarter worth about $6,545,000. Claro Advisors LLC lifted its position in shares of ARK Innovation ETF by 1,588.1% during the 3rd quarter. Claro Advisors LLC now owns 123,266 shares of the company’s stock valued at $5,859,000 after buying an additional 115,964 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of ARK Innovation ETF by 1,040.4% during the 3rd quarter. SG Americas Securities LLC now owns 107,076 shares of the company’s stock valued at $5,089,000 after acquiring an additional 97,687 shares during the period.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK opened at $60.70 on Tuesday. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $63.61. The company’s 50 day moving average is $59.13 and its two-hundred day moving average is $50.82.

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.