Sanctuary Wealth Management L.L.C. Sells 4,433 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Sanctuary Wealth Management L.L.C. lowered its position in ARK Innovation ETF (NYSEARCA:ARKK) by 40.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,497 shares of the company’s stock after selling 4,433 shares during the quarter. Sanctuary Wealth Management L.L.C.’s holdings in ARK Innovation ETF were worth $369,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ARKK. Murphy & Mullick Capital Management Corp purchased a new stake in ARK Innovation ETF in the 4th quarter worth about $38,000. Graney & King LLC purchased a new stake in shares of ARK Innovation ETF in the fourth quarter worth approximately $61,000. Kestra Investment Management LLC bought a new stake in shares of ARK Innovation ETF during the 4th quarter worth approximately $68,000. Hobbs Group Advisors LLC purchased a new position in ARK Innovation ETF during the 3rd quarter valued at $86,000. Finally, Mainstream Capital Management LLC bought a new position in ARK Innovation ETF in the 4th quarter valued at $99,000.

ARK Innovation ETF Stock Down 4.1 %

ARKK stock opened at $48.70 on Friday. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $68.43. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89. The business’s fifty day simple moving average is $57.48 and its two-hundred day simple moving average is $54.76.

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.