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

Merriman Wealth Management LLC lowered its position in ARK Innovation ETF (NYSEARCA:ARKK) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,470 shares of the company’s stock after selling 338 shares during the quarter. Merriman Wealth Management LLC’s holdings in ARK Innovation ETF were worth $856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its holdings in ARK Innovation ETF by 7.6% during the 4th quarter. Advisory Services Network LLC now owns 12,000 shares of the company’s stock worth $628,000 after purchasing an additional 846 shares during the last quarter. Banco Santander S.A. boosted its stake in ARK Innovation ETF by 8.5% during the 1st quarter. Banco Santander S.A. now owns 16,516 shares of the company’s stock valued at $827,000 after acquiring an additional 1,290 shares during the last quarter. Leo Wealth LLC acquired a new position in ARK Innovation ETF during the 4th quarter worth $207,000. SageView Advisory Group LLC increased its position in shares of ARK Innovation ETF by 6.3% in the 4th quarter. SageView Advisory Group LLC now owns 10,828 shares of the company’s stock worth $567,000 after purchasing an additional 642 shares during the last quarter. Finally, Gerber LLC acquired a new stake in shares of ARK Innovation ETF in the 4th quarter valued at about $11,271,000.

ARK Innovation ETF Stock Down 1.1 %

Shares of ARKK stock opened at $46.88 on Friday. ARK Innovation ETF has a one year low of $33.76 and a one year high of $54.52. The company’s 50-day simple moving average is $44.51 and its 200-day simple moving average is $45.35.

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.