ARK Innovation ETF $ARKK Stock Sold by SteelPeak Wealth LLC

by · The Markets Daily

SteelPeak Wealth LLC lessened its position in shares of ARK Innovation ETF (BATS:ARKK – Free Report) by 53.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,282 shares of the company’s stock after selling 6,172 shares during the quarter. SteelPeak Wealth LLC’s holdings in ARK Innovation ETF were worth $471,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ARKK. Ascension Capital Advisors Inc. lifted its stake in ARK Innovation ETF by 2.7% in the first quarter. Ascension Capital Advisors Inc. now owns 382,968 shares of the company’s stock valued at $25,885,000 after buying an additional 9,985 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of ARK Innovation ETF by 27.1% during the second quarter. Envestnet Asset Management Inc. now owns 225,231 shares of the company’s stock worth $18,203,000 after acquiring an additional 48,003 shares during the last quarter. Wealthfront Advisers LLC grew its position in shares of ARK Innovation ETF by 2.1% during the first quarter. Wealthfront Advisers LLC now owns 156,385 shares of the company’s stock worth $10,570,000 after acquiring an additional 3,208 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of ARK Innovation ETF by 37.0% during the first quarter. NewEdge Advisors LLC now owns 148,191 shares of the company’s stock worth $10,016,000 after acquiring an additional 40,003 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in shares of ARK Innovation ETF by 1.8% in the 1st quarter. Brookstone Capital Management now owns 119,703 shares of the company’s stock valued at $8,091,000 after acquiring an additional 2,132 shares during the period.

ARK Innovation ETF Price Performance

Shares of ARK Innovation ETF stock opened at $82.31 on Tuesday. The firm’s fifty day simple moving average is $86.03 and its 200-day simple moving average is $79.93. ARK Innovation ETF has a 12 month low of $62.94 and a 12 month high of $94.82. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92.

ARK Innovation ETF Company Profile

(Free Report)

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.

See Also