International Assets Investment Management LLC Sells 14,199 Shares of ARK Innovation ETF $ARKK

International Assets Investment Management LLC lessened its stake in ARK Innovation ETF (BATS:ARKK) by 56.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,071 shares of the company’s stock after selling 14,199 shares during the quarter. International Assets Investment Management LLC’s holdings in ARK Innovation ETF were worth $757,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Citizens Financial Group Inc. RI raised its position in shares of ARK Innovation ETF by 153.5% in the 1st quarter. Citizens Financial Group Inc. RI now owns 8,168 shares of the company’s stock valued at $552,000 after buying an additional 4,946 shares in the last quarter. Fifth Third Bancorp increased its stake in ARK Innovation ETF by 157.5% in the first quarter. Fifth Third Bancorp now owns 1,777 shares of the company’s stock valued at $120,000 after acquiring an additional 1,087 shares during the last quarter. Arbor Capital Management Inc. ADV increased its stake in ARK Innovation ETF by 8.0% in the first quarter. Arbor Capital Management Inc. ADV now owns 51,013 shares of the company’s stock valued at $3,648,000 after acquiring an additional 3,793 shares during the last quarter. SkyOak Wealth LLC raised its position in ARK Innovation ETF by 0.4% during the first quarter. SkyOak Wealth LLC now owns 92,431 shares of the company’s stock valued at $6,247,000 after purchasing an additional 359 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in ARK Innovation ETF by 13.7% during the first quarter. Kestra Advisory Services LLC now owns 96,333 shares of the company’s stock worth $6,511,000 after purchasing an additional 11,577 shares during the last quarter.

ARK Innovation ETF Stock Performance

Shares of ARKK stock opened at $78.24 on Tuesday. The stock’s fifty day moving average price is $78.36 and its two-hundred day moving average price is $75.91. The company has a market cap of $7.41 billion, a PE ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a fifty-two week low of $62.94 and a fifty-two week high of $92.65.

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.