Wealthcare Advisory Partners LLC increased its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 6.7% in the first quarter, according to a recent disclosure with the Securities and Exchange Commission. The fund now owns 13,595 shares of the company’s stock, valued at $681,000.
Other large investors also made changes to their positions in ARK Innovation ETF. Morgan Stanley raised its holdings by 5.1%, while Citigroup Inc. and International Assets Investment Management LLC also increased their stakes. Raymond James & Associates and Simplex Trading LLC acquired new positions in the company.
ARK Innovation ETF is currently trading down 0.1%, with shares opening at $43.95. The fund has a 50-day moving average of $44.15 and a 200-day moving average of $47.26. Its 12-month low is $33.76 and high is $54.52.
ARK Innovation ETF is an exchange-traded fund that focuses on companies involved in disruptive innovation globally. Launched in 2014, the fund is managed by ARK and seeks long-term capital growth.
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