Steward Partners Investment Advisory LLC Boosts Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Steward Partners Investment Advisory LLC raised its position in ARK Innovation ETF (NYSEARCA:ARKK) by 22.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,984 shares of the company’s stock after purchasing an additional 3,239 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in ARK Innovation ETF were worth $1,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARKK. Kestra Investment Management LLC purchased a new stake in shares of ARK Innovation ETF in the fourth quarter worth approximately $68,000. Brown Brothers Harriman & Co. purchased a new stake in ARK Innovation ETF in the third quarter worth $76,000. Hobbs Group Advisors LLC purchased a new stake in ARK Innovation ETF in the third quarter worth $86,000. Bank of Jackson Hole Trust purchased a new position in ARK Innovation ETF in the 4th quarter worth about $114,000. Finally, Global Trust Asset Management LLC increased its stake in ARK Innovation ETF by 221.5% in the 4th quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock worth $119,000 after buying an additional 1,440 shares during the period.

ARK Innovation ETF Price Performance

ARKK stock opened at $47.86 on Tuesday. The firm’s 50-day moving average is $59.72 and its 200 day moving average is $54.23. The company has a market capitalization of $4.98 billion, a PE ratio of 46.93 and a beta of 1.76. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $68.43.

About ARK Innovation ETF

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.