Richardson Capital Management LLC Boosts Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Richardson Capital Management LLC grew its position in ARK Innovation ETF (NYSEARCA:ARKK) by 910.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,090 shares of the company’s stock after purchasing an additional 7,289 shares during the quarter. ARK Innovation ETF comprises approximately 0.3% of Richardson Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. Richardson Capital Management LLC’s holdings in ARK Innovation ETF were worth $459,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Global Trust Asset Management LLC boosted its stake in ARK Innovation ETF by 550.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter worth $68,000. Brown Brothers Harriman & Co. acquired a new stake in shares of ARK Innovation ETF during the third quarter worth $76,000. Hobbs Group Advisors LLC purchased a new stake in shares of ARK Innovation ETF during the third quarter valued at $86,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of ARK Innovation ETF in the 4th quarter valued at $114,000.

ARK Innovation ETF Stock Down 5.9 %

Shares of ARKK opened at $60.20 on Friday. The stock has a 50-day moving average of $61.04 and a two-hundred day moving average of $53.20. ARK Innovation ETF has a one year low of $36.85 and a one year high of $68.43.

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.