Kuhn & Co Investment Counsel purchased a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,000 shares of the company’s stock, valued at approximately $227,000.
A number of other hedge funds have also modified their holdings of the stock. Strategic Financial Concepts LLC purchased a new position in ARK Innovation ETF in the fourth quarter valued at about $908,000. Allworth Financial LP lifted 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 buying an additional 19,424 shares during the last quarter. Principal Securities Inc. grew its stake in shares of ARK Innovation ETF by 96.0% in 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 in the last quarter. Compass Financial Group INC SD acquired a new position in ARK Innovation ETF in the fourth quarter worth approximately $220,000. Finally, Gladstone Institutional Advisory LLC raised its position in ARK Innovation ETF by 23.4% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 14,257 shares of the company’s stock valued at $809,000 after acquiring an additional 2,701 shares in the last quarter.
ARK Innovation ETF Trading Up 3.5 %
NYSEARCA ARKK opened at $67.02 on Friday. The company has a 50 day moving average price of $60.69 and a two-hundred day moving average price of $52.49. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $67.16.
ARK Innovation ETF 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.
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