Strategic Financial Concepts LLC Invests $908,000 in ARK Innovation ETF (NYSEARCA:ARKK)

Strategic Financial Concepts LLC acquired a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, Holdings Channel.com reports. The fund acquired 15,999 shares of the company’s stock, valued at approximately $908,000.

Several other large investors also recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in shares of ARK Innovation ETF by 211.8% during the 4th quarter. Allworth Financial LP now owns 28,597 shares of the company’s stock valued at $1,775,000 after acquiring an additional 19,424 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of ARK Innovation ETF by 96.0% during the 4th quarter. Principal Securities Inc. now owns 6,379 shares of the company’s stock valued at $362,000 after buying an additional 3,125 shares during the period. Compass Financial Group INC SD purchased a new position in shares of ARK Innovation ETF in the 4th quarter worth $220,000. Gladstone Institutional Advisory LLC grew its holdings in shares of ARK Innovation ETF by 23.4% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 14,257 shares of the company’s stock worth $809,000 after acquiring an additional 2,701 shares during the period. Finally, Certuity LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at $221,000.

ARK Innovation ETF Price Performance

Shares of NYSEARCA:ARKK opened at $66.48 on Wednesday. The stock’s 50-day simple moving average is $60.81 and its two-hundred day simple moving average is $52.71. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43.

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.