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

Merkkuri Wealth Advisors LLC lessened its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,426 shares of the company’s stock after selling 397 shares during the period. Merkkuri Wealth Advisors LLC’s holdings in ARK Innovation ETF were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ARKK. Arkadios Wealth Advisors grew its position in shares of ARK Innovation ETF by 1.5% during the second quarter. Arkadios Wealth Advisors now owns 14,929 shares of the company’s stock worth $656,000 after acquiring an additional 221 shares during the last quarter. Mcdonald Partners LLC increased its stake in ARK Innovation ETF by 1.9% in the second quarter. Mcdonald Partners LLC now owns 12,038 shares of the company’s stock valued at $529,000 after purchasing an additional 225 shares during the period. Fountainhead AM LLC raised its holdings in shares of ARK Innovation ETF by 5.0% in the first quarter. Fountainhead AM LLC now owns 4,923 shares of the company’s stock valued at $247,000 after buying an additional 233 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of ARK Innovation ETF by 6.4% during the second quarter. Sound Income Strategies LLC now owns 4,037 shares of the company’s stock worth $177,000 after buying an additional 243 shares during the period. Finally, TCP Asset Management LLC grew its holdings in shares of ARK Innovation ETF by 5.5% during the first quarter. TCP Asset Management LLC now owns 4,799 shares of the company’s stock worth $240,000 after buying an additional 249 shares during the last quarter.

ARK Innovation ETF Stock Up 3.5 %

ARKK opened at $47.38 on Friday. ARK Innovation ETF has a 52 week low of $33.76 and a 52 week high of $54.52. The business has a 50 day moving average price of $45.70 and a two-hundred day moving average price of $44.91.

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.