SteelPeak Wealth LLC significantly reduced its holdings in ARK Innovation ETF (NYSEARCA: ARKK) by 87.9% in the first quarter, according to a recent filing with the Securities and Exchange Commission. The firm sold 34,891 shares, leaving them with 4,816 shares valued at $241,000.
Other large investors have also made changes to their positions in ARK Innovation ETF. International Assets Investment Management LLC acquired a new stake in the ETF worth $93,781,000, while Total Investment Management Inc. increased its holdings by 8,939.1% to 1,130,159 shares. Additionally, Simplex Trading LLC and Morgan Stanley added to their positions, with Citigroup Inc. boosting its stake by 11.3% in the third quarter.
ARK Innovation ETF’s stock opened at $43.95 on Monday, with a fifty-day moving average of $44.15 and a two-hundred day moving average of $47.24. The ETF has a 1-year low of $33.76 and a high of $54.52.
ARK Innovation ETF is an exchange-traded fund that focuses on stocks related to disruptive innovation. Launched in 2014 and managed by ARK, the fund seeks long-term capital growth from companies globally involved in or benefiting from innovation.
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