Corient Private Wealth LLC Sells 8,054 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Corient Private Wealth LLC cut its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,796 shares of the company’s stock after selling 8,054 shares during the period. Corient Private Wealth LLC owned about 0.09% of ARK Innovation ETF worth $7,596,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Kestra Investment Management LLC bought a new stake in shares of ARK Innovation ETF in the 4th quarter valued at about $68,000. Brown Brothers Harriman & Co. acquired a new stake in ARK Innovation ETF during the 3rd quarter valued at approximately $76,000. Hobbs Group Advisors LLC bought a new position in ARK Innovation ETF during the 3rd quarter worth approximately $86,000. Mainstream Capital Management LLC bought a new stake in shares of ARK Innovation ETF in the 4th quarter valued at $99,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of ARK Innovation ETF in the 4th quarter worth about $114,000.

ARK Innovation ETF Stock Down 0.1 %

Shares of NYSEARCA ARKK opened at $50.02 on Friday. The firm has a market cap of $5.49 billion, a PE ratio of 41.12 and a beta of 1.89. The company’s fifty day simple moving average is $58.21 and its 200 day simple moving average is $54.32. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $68.43.

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.