ARK Innovation ETF (NYSEARCA:ARKK) Reaches New 1-Year High – Here’s What Happened

ARK Innovation ETF (NYSEARCA:ARKK)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $63.34 and last traded at $63.34, with a volume of 80635 shares. The stock had previously closed at $62.90.

ARK Innovation ETF Price Performance

The stock has a 50 day moving average of $51.69 and a two-hundred day moving average of $47.11.

Hedge Funds Weigh In On ARK Innovation ETF

A number of institutional investors have recently bought and sold shares of ARKK. Ashton Thomas Private Wealth LLC purchased a new position in ARK Innovation ETF in the 2nd quarter worth about $26,000. Global Trust Asset Management LLC boosted its position in ARK Innovation ETF by 550.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after acquiring an additional 550 shares during the period. Hershey Financial Advisers LLC acquired a new stake in ARK Innovation ETF during the 2nd quarter worth about $32,000. Strategic Investment Solutions Inc. IL acquired a new stake in ARK Innovation ETF during the 2nd quarter worth about $34,000. Finally, Family Firm Inc. acquired a new stake in ARK Innovation ETF during the 2nd quarter worth about $49,000.

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.