EverSource Wealth Advisors LLC Increases Stake in ARK Innovation ETF (NYSEARCA:ARKK)

EverSource Wealth Advisors LLC increased its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 683.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,145 shares of the company’s stock after purchasing an additional 7,105 shares during the period. EverSource Wealth Advisors LLC’s holdings in ARK Innovation ETF were worth $462,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ARKK. Apollon Wealth Management LLC purchased a new stake in ARK Innovation ETF during the 3rd quarter valued at $209,000. Sumitomo Mitsui Trust Group Inc. boosted its position in ARK Innovation ETF by 10.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,800 shares of the company’s stock valued at $1,464,000 after buying an additional 3,000 shares during the period. Thrivent Financial for Lutherans boosted its position in ARK Innovation ETF by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 84,254 shares of the company’s stock valued at $4,005,000 after buying an additional 890 shares during the period. Gilbert & Cook Inc. boosted its position in ARK Innovation ETF by 12.7% during the 3rd quarter. Gilbert & Cook Inc. now owns 5,574 shares of the company’s stock valued at $265,000 after buying an additional 628 shares during the period. Finally, Banco Santander S.A. boosted its position in ARK Innovation ETF by 3.3% during the 3rd quarter. Banco Santander S.A. now owns 22,039 shares of the company’s stock valued at $1,048,000 after buying an additional 700 shares during the period.

ARK Innovation ETF Stock Up 4.1 %

Shares of ARKK opened at $49.19 on Friday. The stock has a market capitalization of $5.12 billion, a P/E ratio of 46.93 and a beta of 1.76. The firm has a fifty day simple moving average of $59.00 and a two-hundred day simple moving average of $54.19. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $68.43.

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.