SFG Wealth Management LLC. Takes Position in ARK Innovation ETF (NYSEARCA:ARKK)

SFG Wealth Management LLC. bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,948 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors also recently bought and sold shares of the stock. Global Trust Asset Management LLC boosted its position in ARK Innovation ETF by 550.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in ARK Innovation ETF during the second quarter worth $32,000. Strategic Investment Solutions Inc. IL acquired a new stake in ARK Innovation ETF during the second quarter valued at $34,000. Brown Brothers Harriman & Co. purchased a new position in ARK Innovation ETF in the third quarter valued at $76,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of ARK Innovation ETF in the third quarter worth about $86,000.

ARK Innovation ETF Stock Performance

NYSEARCA:ARKK opened at $59.61 on Monday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $63.44. The stock’s 50-day moving average price is $58.52 and its 200-day moving average price is $50.26.

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.