Janney Montgomery Scott LLC Makes New Investment in ARK Innovation ETF (NYSEARCA:ARKK)

Janney Montgomery Scott LLC bought a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 35,246 shares of the company’s stock, valued at approximately $1,675,000.

A number of other institutional investors have also made changes to their positions in ARKK. Farther Finance Advisors LLC boosted its holdings in shares of ARK Innovation ETF by 4.6% in the third quarter. Farther Finance Advisors LLC now owns 14,434 shares of the company’s stock worth $686,000 after buying an additional 635 shares during the period. Strategic Wealth Investment Group LLC increased its holdings in shares of ARK Innovation ETF by 22.5% in the third quarter. Strategic Wealth Investment Group LLC now owns 50,413 shares of the company’s stock valued at $2,328,000 after purchasing an additional 9,243 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in ARK Innovation ETF by 12.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 32,585 shares of the company’s stock worth $1,549,000 after purchasing an additional 3,534 shares during the last quarter. Clear Harbor Asset Management LLC boosted its stake in ARK Innovation ETF by 2.3% in the third quarter. Clear Harbor Asset Management LLC now owns 12,338 shares of the company’s stock valued at $586,000 after acquiring an additional 282 shares during the last quarter. Finally, Convergence Financial LLC grew its stake in shares of ARK Innovation ETF by 5.9% during the third quarter. Convergence Financial LLC now owns 13,035 shares of the company’s stock worth $620,000 after purchasing an additional 732 shares during the period.

ARK Innovation ETF Trading Down 1.7 %

Shares of ARK Innovation ETF stock opened at $55.84 on Thursday. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $58.38. The business’s 50 day moving average is $47.20 and its 200-day moving average is $45.43.

ARK Innovation ETF Company 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.