ARK Innovation ETF $ARKK Holdings Cut by SteelPeak Wealth LLC

SteelPeak Wealth LLC cut its stake in shares of ARK Innovation ETF (BATS:ARKK) by 53.9% in the 3rd quarter, Holdings Channel reports. The fund owned 5,282 shares of the company’s stock after selling 6,172 shares during the quarter. SteelPeak Wealth LLC’s holdings in ARK Innovation ETF were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ARKK. Robertson Stephens Wealth Management LLC grew its stake in shares of ARK Innovation ETF by 28.0% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 4,220 shares of the company’s stock valued at $376,000 after purchasing an additional 923 shares during the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of ARK Innovation ETF by 8.7% during the third quarter. Cyndeo Wealth Partners LLC now owns 7,992 shares of the company’s stock worth $712,000 after purchasing an additional 643 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of ARK Innovation ETF during the third quarter worth approximately $79,000. Worthington Financial Partners LLC raised its stake in shares of ARK Innovation ETF by 1.0% during the third quarter. Worthington Financial Partners LLC now owns 14,065 shares of the company’s stock worth $1,253,000 after purchasing an additional 141 shares during the last quarter. Finally, Post Resch Tallon Group Inc. raised its stake in shares of ARK Innovation ETF by 1.3% during the third quarter. Post Resch Tallon Group Inc. now owns 30,717 shares of the company’s stock worth $2,737,000 after purchasing an additional 384 shares during the last quarter.

ARK Innovation ETF Price Performance

Shares of BATS ARKK opened at $82.31 on Tuesday. The stock has a fifty day moving average price of $86.03 and a 200 day moving average price of $79.93. ARK Innovation ETF has a 1-year low of $62.94 and a 1-year high of $94.82. The company has a market cap of $7.79 billion, a PE ratio of 50.14 and a beta of 1.92.

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.