Leo Wealth LLC Makes New Investment in ARK Innovation ETF (NYSEARCA:ARKK)

Leo Wealth LLC purchased a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,957 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds have also recently added to or reduced their stakes in ARKK. International Assets Investment Management LLC acquired a new position in shares of ARK Innovation ETF during the 4th quarter valued at about $93,781,000. Simplex Trading LLC acquired a new position in ARK Innovation ETF during the fourth quarter worth approximately $29,351,000. Morgan Stanley raised its stake in ARK Innovation ETF by 5.1% during the third quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock worth $377,821,000 after purchasing an additional 460,104 shares during the period. Citigroup Inc. boosted its holdings in shares of ARK Innovation ETF by 11.3% in the 3rd quarter. Citigroup Inc. now owns 3,227,469 shares of the company’s stock valued at $128,034,000 after purchasing an additional 328,088 shares during the last quarter. Finally, Gerber LLC purchased a new stake in shares of ARK Innovation ETF during the 4th quarter valued at $11,271,000.

ARK Innovation ETF Stock Performance

ARKK stock opened at $44.15 on Tuesday. The business has a fifty day simple moving average of $44.45 and a 200-day simple moving average of $47.57. ARK Innovation ETF has a 52 week low of $33.76 and a 52 week high of $54.52.

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.