Corient Private Wealth LLC Sells 7,800 Shares of ARK Innovation ETF $ARKK

Corient Private Wealth LLC lessened its stake in shares of ARK Innovation ETF (BATS:ARKK) by 16.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,519 shares of the company’s stock after selling 7,800 shares during the quarter. Corient Private Wealth LLC’s holdings in ARK Innovation ETF were worth $3,117,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARKK. Caitlin John LLC purchased a new stake in shares of ARK Innovation ETF in the third quarter worth about $27,000. TD Capital Management LLC bought a new position in shares of ARK Innovation ETF in the fourth quarter valued at approximately $30,000. Wealth Watch Advisors INC purchased a new position in ARK Innovation ETF during the third quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. grew its stake in ARK Innovation ETF by 1,635.7% during the second quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock valued at $34,000 after acquiring an additional 458 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in ARK Innovation ETF by 85.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock worth $36,000 after acquiring an additional 192 shares during the period.

ARK Innovation ETF Trading Up 2.1%

ARK Innovation ETF stock opened at $78.13 on Friday. ARK Innovation ETF has a 1-year low of $62.94 and a 1-year high of $92.65. The firm has a market capitalization of $7.40 billion, a PE ratio of 50.14 and a beta of 1.92. The firm’s 50 day simple moving average is $77.48 and its 200 day simple moving average is $75.93.

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 issued by ARK.