Beacon Financial Advisory LLC Acquires 596 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Beacon Financial Advisory LLC grew its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,156 shares of the company’s stock after buying an additional 596 shares during the quarter. Beacon Financial Advisory LLC’s holdings in ARK Innovation ETF were worth $463,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. SFG Wealth Management LLC. bought a new position in shares of ARK Innovation ETF in the fourth quarter worth about $224,000. Renaissance Technologies LLC acquired a new stake in shares of ARK Innovation ETF in the 2nd quarter valued at $246,000. Barclays PLC lifted its stake in shares of ARK Innovation ETF by 100.6% during the third quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after acquiring an additional 32,679 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of ARK Innovation ETF during the third quarter valued at $1,675,000. Finally, D.A. Davidson & CO. boosted its holdings in ARK Innovation ETF by 3.1% in the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock valued at $579,000 after acquiring an additional 361 shares during the last quarter.

ARK Innovation ETF Price Performance

Shares of NYSEARCA:ARKK opened at $62.72 on Friday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $64.72. The business has a 50-day moving average price of $60.17 and a two-hundred day moving average price of $51.64.

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.