ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC reduced its position in ARK Innovation ETF (NYSEARCA:ARKK) by 87.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,816 shares of the company’s stock after selling 34,891 shares during the period. SteelPeak Wealth LLC’s holdings in ARK Innovation ETF were worth $241,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in ARK Innovation ETF during the 4th quarter valued at approximately $93,781,000. Total Investment Management Inc. grew its position in shares of ARK Innovation ETF by 8,939.1% during the first quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock worth $56,598,000 after buying an additional 1,117,656 shares in the last quarter. Simplex Trading LLC bought a new stake in shares of ARK Innovation ETF in the fourth quarter worth $29,351,000. Morgan Stanley raised its holdings in ARK Innovation ETF by 5.1% in the third quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock valued at $377,821,000 after acquiring an additional 460,104 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in ARK Innovation ETF by 11.3% during the 3rd quarter. Citigroup Inc. now owns 3,227,469 shares of the company’s stock valued at $128,034,000 after acquiring an additional 328,088 shares during the last quarter.

ARK Innovation ETF Price Performance

Shares of ARKK stock opened at $43.95 on Monday. The firm has a fifty day moving average of $44.15 and a two-hundred day moving average of $47.24. ARK Innovation ETF has a 1-year low of $33.76 and a 1-year high of $54.52.

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.