ARK Investment Management LLC Grows Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

ARK Investment Management LLC lifted its position in ARK Innovation ETF (NYSEARCA:ARKK) by 155.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,027 shares of the company’s stock after buying an additional 17,055 shares during the quarter. ARK Investment Management LLC’s holdings in ARK Innovation ETF were worth $1,468,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cibc World Market Inc. boosted its position in ARK Innovation ETF by 5.0% in the 1st quarter. Cibc World Market Inc. now owns 76,845 shares of the company’s stock valued at $5,094,000 after buying an additional 3,684 shares during the period. Candriam Luxembourg S.C.A. boosted its holdings in ARK Innovation ETF by 100.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 35,520 shares of the company’s stock valued at $2,355,000 after purchasing an additional 17,760 shares during the period. Wsfs Capital Management LLC grew its stake in ARK Innovation ETF by 22.9% during the 1st quarter. Wsfs Capital Management LLC now owns 7,776 shares of the company’s stock worth $515,000 after purchasing an additional 1,447 shares in the last quarter. Prudential Financial Inc. increased its holdings in ARK Innovation ETF by 26.7% during the 1st quarter. Prudential Financial Inc. now owns 8,554 shares of the company’s stock worth $567,000 after purchasing an additional 1,800 shares during the period. Finally, Laurel Wealth Advisors Inc. raised its position in ARK Innovation ETF by 46.5% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 58,171 shares of the company’s stock valued at $3,856,000 after purchasing an additional 18,454 shares in the last quarter.

ARK Innovation ETF Price Performance

Shares of ARK Innovation ETF stock opened at $50.11 on Thursday. The business has a 50-day simple moving average of $48.82 and a 200-day simple moving average of $45.57. ARK Innovation ETF has a one year low of $33.76 and a one year high of $54.52.

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.