10,307 Shares in ARK Innovation ETF (NYSEARCA:ARKK) Purchased by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC bought a new position in ARK Innovation ETF (NYSEARCA:ARKK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,307 shares of the company’s stock, valued at approximately $490,000.

Several other institutional investors have also made changes to their positions in ARKK. Arkadios Wealth Advisors raised its position in ARK Innovation ETF by 1.5% during the second quarter. Arkadios Wealth Advisors now owns 14,929 shares of the company’s stock valued at $656,000 after buying an additional 221 shares during the period. Mcdonald Partners LLC increased its holdings in shares of ARK Innovation ETF by 1.9% in the 2nd quarter. Mcdonald Partners LLC now owns 12,038 shares of the company’s stock valued at $529,000 after purchasing an additional 225 shares during the period. Fountainhead AM LLC increased its holdings in shares of ARK Innovation ETF by 5.0% in the 1st quarter. Fountainhead AM LLC now owns 4,923 shares of the company’s stock valued at $247,000 after purchasing an additional 233 shares during the period. Sound Income Strategies LLC lifted its position in shares of ARK Innovation ETF by 6.4% in the second quarter. Sound Income Strategies LLC now owns 4,037 shares of the company’s stock worth $177,000 after purchasing an additional 243 shares in the last quarter. Finally, TCP Asset Management LLC boosted its holdings in shares of ARK Innovation ETF by 5.5% during the first quarter. TCP Asset Management LLC now owns 4,799 shares of the company’s stock worth $240,000 after purchasing an additional 249 shares during the period.

ARK Innovation ETF Price Performance

Shares of NYSEARCA:ARKK traded down $0.65 during midday trading on Thursday, hitting $47.04. 1,236,303 shares of the stock were exchanged, compared to its average volume of 10,397,416. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52. The business’s fifty day simple moving average is $45.16 and its two-hundred day simple moving average is $44.94.

ARK Innovation ETF 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.