Principal Securities Inc. increased its position in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 96.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,379 shares of the company’s stock after acquiring an additional 3,125 shares during the period. Principal Securities Inc.’s holdings in ARK Innovation ETF were worth $362,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Apollon Wealth Management LLC grew its position in ARK Innovation ETF by 52.8% during the 4th quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock worth $381,000 after acquiring an additional 2,316 shares during the last quarter. Caprock Group LLC bought a new stake in shares of ARK Innovation ETF in the 4th quarter valued at about $293,000. SFG Wealth Management LLC. bought a new stake in shares of ARK Innovation ETF in the 4th quarter valued at about $224,000. Barclays PLC grew its position in shares of ARK Innovation ETF by 100.6% in the 3rd quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after buying an additional 32,679 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of ARK Innovation ETF in the 4th quarter valued at about $1,149,000.
ARK Innovation ETF Trading Down 5.9 %
NYSEARCA ARKK opened at $60.20 on Friday. The business’s 50-day moving average price is $61.04 and its two-hundred day moving average price is $53.20. ARK Innovation ETF has a 12 month low of $36.85 and a 12 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.
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