Advisory Services Network LLC significantly increased its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 433.1% in the first quarter, according to their recent filing with the Securities and Exchange Commission. The fund now holds 63,977 shares of the company’s stock, valued at $3,204,000.
Other institutional investors also made moves with ARK Innovation ETF. Cary Street Partners Investment Advisory LLC saw a 246.5% increase in their position, Leo Wealth LLC acquired a new stake, International Assets Investment Management LLC made a significant purchase, SageView Advisory Group LLC grew its holdings, and Cedar Brook Financial Partners LLC also acquired a new position.
ARK Innovation ETF stock was up 2.4% with shares opening at $46.79 on Friday. The company has a 50-day moving average of $44.47 and a 200-day moving average of $46.86, with a 12-month low of $33.76 and a high of $54.52.
ARK Innovation ETF, launched in 2014, is an actively managed fund that focuses on companies globally involved with disruptive innovation, seeking long-term capital growth.
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