Corient Private Wealth LLC cut its holdings in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 45.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,006 shares of the company’s stock after selling 51,676 shares during the quarter. Corient Private Wealth LLC owned approximately 0.06% of ARK Innovation ETF worth $4,288,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of ARKK. Fortitude Financial LLC bought a new stake in ARK Innovation ETF during the second quarter worth about $206,000. Valeo Financial Advisors LLC bought a new position in shares of ARK Innovation ETF during the second quarter valued at approximately $2,633,000. Milestones Private Investment Advisors LLC purchased a new position in shares of ARK Innovation ETF during the second quarter valued at approximately $2,035,000. PVG Asset Management Corp bought a new stake in shares of ARK Innovation ETF in the 2nd quarter worth approximately $515,000. Finally, Centaurus Financial Inc. boosted its position in shares of ARK Innovation ETF by 118.0% in the 2nd quarter. Centaurus Financial Inc. now owns 11,949 shares of the company’s stock worth $840,000 after purchasing an additional 6,467 shares in the last quarter.
ARK Innovation ETF Stock Up 2.0%
ARKK stock opened at $80.30 on Friday. The business has a 50 day moving average of $82.16 and a 200 day moving average of $77.63. The firm has a market cap of $7.71 billion, a PE ratio of 50.14 and a beta of 1.96. ARK Innovation ETF has a twelve month low of $38.57 and a twelve month high of $92.65.
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.
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