International Assets Investment Management LLC Sells 6,397 Shares of ARK Innovation ETF $ARKK

International Assets Investment Management LLC lessened its stake in shares of ARK Innovation ETF (BATS:ARKK) by 20.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,270 shares of the company’s stock after selling 6,397 shares during the quarter. International Assets Investment Management LLC’s holdings in ARK Innovation ETF were worth $1,944,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARKK. Dakota Wealth Management acquired a new position in shares of ARK Innovation ETF during the fourth quarter valued at about $2,001,000. NavPoint Financial Inc. grew its holdings in shares of ARK Innovation ETF by 72.6% during the fourth quarter. NavPoint Financial Inc. now owns 20,040 shares of the company’s stock valued at $1,541,000 after buying an additional 8,430 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of ARK Innovation ETF by 10.9% during the third quarter. Concurrent Investment Advisors LLC now owns 125,727 shares of the company’s stock valued at $10,850,000 after buying an additional 12,380 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of ARK Innovation ETF during the fourth quarter valued at about $562,000. Finally, BIP Wealth LLC grew its holdings in shares of ARK Innovation ETF by 243.7% during the fourth quarter. BIP Wealth LLC now owns 14,704 shares of the company’s stock valued at $1,131,000 after buying an additional 10,426 shares during the last quarter.

ARK Innovation ETF Price Performance

Shares of BATS ARKK opened at $79.12 on Friday. The stock has a market capitalization of $7.49 billion, a P/E ratio of 50.14 and a beta of 1.92. The company has a 50-day moving average price of $72.73 and a 200-day moving average price of $77.01. ARK Innovation ETF has a 1 year low of $51.19 and a 1 year 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 issued by ARK.