Wealth Effects LLC Has $507,000 Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Wealth Effects LLC cut its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 22.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,525 shares of the company’s stock after selling 3,325 shares during the period. Wealth Effects LLC’s holdings in ARK Innovation ETF were worth $507,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ARKK. International Assets Investment Management LLC acquired a new stake in shares of ARK Innovation ETF in the fourth quarter valued at about $1,791,000. Wealthcare Advisory Partners LLC increased its position in shares of ARK Innovation ETF by 13.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 12,742 shares of the company’s stock worth $667,000 after purchasing an additional 1,517 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of ARK Innovation ETF in the fourth quarter valued at approximately $286,000. Sovereign Financial Group Inc. raised its position in ARK Innovation ETF by 3.5% in the 4th quarter. Sovereign Financial Group Inc. now owns 11,040 shares of the company’s stock valued at $578,000 after purchasing an additional 378 shares during the last quarter. Finally, Clearwater Capital Advisors LLC grew its holdings in ARK Innovation ETF by 35.9% during the 4th quarter. Clearwater Capital Advisors LLC now owns 144,161 shares of the company’s stock worth $7,550,000 after acquiring an additional 38,116 shares during the last quarter.

ARK Innovation ETF Stock Down 0.1 %

NYSEARCA:ARKK traded down $0.04 during trading hours on Wednesday, hitting $42.94. 908,433 shares of the stock were exchanged, compared to its average volume of 11,300,268. ARK Innovation ETF has a twelve month low of $33.76 and a twelve month high of $54.52. The company’s 50 day moving average is $44.65 and its two-hundred day moving average is $45.76.

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 managed by ARK.