Purus Wealth Management LLC Sells 653 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Purus Wealth Management LLC decreased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 1.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,172 shares of the company’s stock after selling 653 shares during the period. Purus Wealth Management LLC’s holdings in ARK Innovation ETF were worth $1,810,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Pointe Advisors LLC increased its position in shares of ARK Innovation ETF by 46.4% during the fourth quarter. Beacon Pointe Advisors LLC now owns 9,475 shares of the company’s stock valued at $496,000 after acquiring an additional 3,003 shares in the last quarter. Gladstone Institutional Advisory LLC increased its position in shares of ARK Innovation ETF by 7.3% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 22,232 shares of the company’s stock valued at $1,164,000 after acquiring an additional 1,516 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of ARK Innovation ETF by 5.0% during the fourth quarter. D.A. Davidson & CO. now owns 13,236 shares of the company’s stock valued at $693,000 after acquiring an additional 628 shares in the last quarter. L.M. Kohn & Company bought a new stake in shares of ARK Innovation ETF during the fourth quarter valued at approximately $324,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of ARK Innovation ETF during the fourth quarter valued at approximately $1,158,000.

ARK Innovation ETF Price Performance

Shares of ARKK opened at $46.05 on Wednesday. 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 $44.47 and a 200 day moving average of $45.36.

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.