Corient Private Wealth LLC Sells 7,800 Shares of ARK Innovation ETF $ARKK

Corient Private Wealth LLC lowered its stake in shares of ARK Innovation ETF (BATS:ARKK) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,519 shares of the company’s stock after selling 7,800 shares during the period. Corient Private Wealth LLC’s holdings in ARK Innovation ETF were worth $3,117,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. State of Wisconsin Investment Board lifted its position in shares of ARK Innovation ETF by 95.8% during the 4th quarter. State of Wisconsin Investment Board now owns 2,804,342 shares of the company’s stock valued at $215,710,000 after buying an additional 1,372,438 shares during the last quarter. Orion Porfolio Solutions LLC increased its holdings in ARK Innovation ETF by 8,291.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after acquiring an additional 1,590,149 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in ARK Innovation ETF by 634.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock worth $76,386,000 after acquiring an additional 764,653 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in ARK Innovation ETF by 620.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock valued at $50,046,000 after acquiring an additional 560,286 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in ARK Innovation ETF in the 3rd quarter valued at about $39,269,000.

ARK Innovation ETF Stock Up 2.1%

BATS ARKK opened at $78.13 on Friday. The company has a market cap of $7.40 billion, a PE ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 52 week low of $62.94 and a 52 week high of $92.65. The firm’s 50-day simple moving average is $77.48 and its two-hundred day simple moving average is $75.93.

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 issued by ARK.