ARK Investment Management LLC Takes Position in ARK Innovation ETF (NYSEARCA:ARKK)

ARK Investment Management LLC bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the 3rd quarter, Holdings Channel.com reports. The firm bought 21,620 shares of the company’s stock, valued at approximately $1,028,000.

Several other institutional investors also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of ARK Innovation ETF in the second quarter valued at approximately $26,000. Global Trust Asset Management LLC grew its stake 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 valued at $31,000 after buying an additional 550 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in ARK Innovation ETF in the 2nd quarter worth $32,000. Strategic Investment Solutions Inc. IL acquired a new position in ARK Innovation ETF during the 2nd quarter worth $34,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of ARK Innovation ETF in the second quarter valued at about $37,000.

ARK Innovation ETF Price Performance

NYSEARCA ARKK opened at $54.08 on Friday. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $54.52. The stock has a 50-day simple moving average of $46.66 and a 200 day simple moving average of $45.22.

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.