International Assets Investment Management LLC Sells 3,631 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

International Assets Investment Management LLC decreased its position in ARK Innovation ETF (NYSEARCA:ARKK) by 10.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,563 shares of the company’s stock after selling 3,631 shares during the quarter. International Assets Investment Management LLC’s holdings in ARK Innovation ETF were worth $1,505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ARKK. Advisory Services Network LLC boosted its holdings in ARK Innovation ETF by 7.6% in the fourth quarter. Advisory Services Network LLC now owns 12,000 shares of the company’s stock worth $628,000 after acquiring an additional 846 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in ARK Innovation ETF by 246.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 25,781 shares of the company’s stock valued at $1,350,000 after purchasing an additional 18,340 shares in the last quarter. Leo Wealth LLC purchased a new position in ARK Innovation ETF in the fourth quarter worth about $207,000. SageView Advisory Group LLC lifted its stake in shares of ARK Innovation ETF by 6.3% in the fourth quarter. SageView Advisory Group LLC now owns 10,828 shares of the company’s stock worth $567,000 after buying an additional 642 shares in the last quarter. Finally, Cedar Brook Financial Partners LLC purchased a new stake in shares of ARK Innovation ETF during the fourth quarter valued at approximately $203,000.

ARK Innovation ETF Price Performance

Shares of ARKK opened at $43.32 on Monday. ARK Innovation ETF has a twelve month low of $33.76 and a twelve month high of $54.52. The firm has a 50 day moving average of $44.11 and a 200 day moving average of $47.43.

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 managed by ARK.