Wealth Alliance Advisory Group LLC Takes $232,000 Position in ARK Innovation ETF (NYSEARCA:ARKK)

Wealth Alliance Advisory Group LLC acquired a new stake in ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,081 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC lifted its stake in shares of ARK Innovation ETF by 550.0% during 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 during the last quarter. Hershey Financial Advisers LLC purchased a new stake in ARK Innovation ETF during the second quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL purchased a new position in ARK Innovation ETF in the second quarter worth $34,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at $76,000. Finally, Hobbs Group Advisors LLC acquired a new position in ARK Innovation ETF during the 3rd quarter valued at about $86,000.

ARK Innovation ETF Price Performance

Shares of NYSEARCA:ARKK opened at $59.61 on Friday. The business has a 50 day moving average of $58.52 and a two-hundred day moving average of $50.23. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $63.44.

ARK Innovation ETF Company Profile

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.