Gladstone Institutional Advisory LLC boosted its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 23.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,257 shares of the company’s stock after purchasing an additional 2,701 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in ARK Innovation ETF were worth $809,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Caprock Group LLC acquired a new position in ARK Innovation ETF in the 4th quarter valued at about $293,000. SFG Wealth Management LLC. purchased a new stake in shares of ARK Innovation ETF during the 4th quarter valued at approximately $224,000. Barclays PLC lifted its holdings in ARK Innovation ETF by 100.6% in 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 last quarter. Janney Montgomery Scott LLC purchased a new position in ARK Innovation ETF in the third quarter worth approximately $1,675,000. Finally, D.A. Davidson & CO. increased its stake in ARK Innovation ETF by 3.1% during the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock worth $579,000 after acquiring an additional 361 shares during the last quarter.
ARK Innovation ETF Stock Performance
NYSEARCA:ARKK opened at $64.78 on Friday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $64.78. The stock’s fifty day moving average is $60.52 and its two-hundred day moving average is $52.21.
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.
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