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

International Assets Investment Management LLC cut its stake in shares of ARK Innovation ETF (BATS:ARKK) by 56.2% in the 1st quarter, Holdings Channel reports. 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 hedge funds also recently modified their holdings of the company. Dakota Wealth Management bought a new stake in shares of ARK Innovation ETF during the fourth quarter worth about $2,001,000. NavPoint Financial Inc. grew its holdings in ARK Innovation ETF by 72.6% during the 4th quarter. NavPoint Financial Inc. now owns 20,040 shares of the company’s stock worth $1,541,000 after acquiring an additional 8,430 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in ARK Innovation ETF in the 4th quarter valued at approximately $562,000. CWM LLC increased its position in ARK Innovation ETF by 4.1% in the 4th quarter. CWM LLC now owns 176,331 shares of the company’s stock valued at $13,563,000 after acquiring an additional 6,904 shares during the period. Finally, BIP Wealth LLC raised its stake in shares of ARK Innovation ETF by 243.7% during the fourth quarter. BIP Wealth LLC now owns 14,704 shares of the company’s stock valued at $1,131,000 after acquiring an additional 10,426 shares during the last quarter.

ARK Innovation ETF Stock Down 2.5%

Shares of ARK Innovation ETF stock opened at $78.24 on Tuesday. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a twelve month low of $62.94 and a twelve month high of $92.65. The company’s fifty day moving average is $78.36 and its 200 day moving average is $75.91.

ARK Innovation ETF Company 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.