Summit Investment Advisory Services LLC raised its stake in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 4.1% during the 4th quarter, Holdings Channel reports. The fund owned 10,731 shares of the company’s stock after acquiring an additional 424 shares during the period. Summit Investment Advisory Services LLC’s holdings in ARK Innovation ETF were worth $609,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the stock. Global Trust Asset Management LLC boosted its position in shares of ARK Innovation ETF by 550.0% in the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after acquiring an additional 550 shares during the period. Hershey Financial Advisers LLC acquired a new stake in ARK Innovation ETF in the 2nd quarter worth about $32,000. Strategic Investment Solutions Inc. IL bought a new stake in ARK Innovation ETF in the 2nd quarter valued at about $34,000. Brown Brothers Harriman & Co. acquired a new position in shares of ARK Innovation ETF during the 3rd quarter worth approximately $76,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of ARK Innovation ETF during the third quarter worth approximately $86,000.
ARK Innovation ETF Trading Down 0.6 %
Shares of ARKK stock opened at $62.33 on Friday. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $63.61. The stock has a 50 day simple moving average of $59.13 and a 200 day simple moving average of $50.75.
ARK Innovation ETF Company Profile
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.
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