Apollon Wealth Management LLC recently acquired a new stake in ARK Innovation ETF (NYSEARCA: ARKK) during the 4th quarter, according to its latest disclosure with the Securities & Exchange Commission. The firm purchased 5,465 shares of the company’s stock, valued at approximately $286,000.
In addition to this, other institutional investors also made changes to their positions in the company. For example, Oliver Lagore Vanvalin Investment Group increased its holdings in ARK Innovation ETF by 103.3% in the 3rd quarter. Authentikos Wealth Advisory LLC and Headinvest LLC both bought new stakes in the company during the third quarter, with Fortitude Family Office LLC and Concord Wealth Partners doing the same in the fourth quarter.
Shares of ARK Innovation ETF opened at $44.17 on Tuesday, with a 1-year low of $33.76 and a 1-year high of $54.52. The business’s 50-day moving average is $47.11 and its 200-day moving average is $47.00.
ARK Innovation ETF (ARKK) is an exchange-traded fund that primarily invests in stocks based on a specific theme, seeking long-term capital growth from companies globally involved with, or benefiting from, disruptive innovation. Launched on Oct 31, 2014, ARKK is managed by ARK.
For those interested in seeing what other hedge funds are holding ARKK, they can visit HoldingsChannel.com to access the latest 13F filings and insider trades for ARK Innovation ETF. Additionally, institutional ownership by quarter for ARK Innovation ETF can be viewed through a provided chart.
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