Allworth Financial LP Increases Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Allworth Financial LP lifted its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 211.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,597 shares of the company’s stock after purchasing an additional 19,424 shares during the period. Allworth Financial LP’s holdings in ARK Innovation ETF were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Global Trust Asset Management LLC grew its holdings in ARK Innovation ETF by 550.0% during the third 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. Brown Brothers Harriman & Co. acquired a new position in shares of ARK Innovation ETF during the 3rd quarter worth $76,000. Hobbs Group Advisors LLC purchased a new position in shares of ARK Innovation ETF in the 3rd quarter valued at about $86,000. Elevation Wealth Partners LLC acquired a new stake in shares of ARK Innovation ETF in the fourth quarter valued at about $125,000. Finally, Spire Wealth Management lifted its stake in shares of ARK Innovation ETF by 118.6% in the fourth quarter. Spire Wealth Management now owns 3,273 shares of the company’s stock valued at $186,000 after purchasing an additional 1,776 shares during the period.

ARK Innovation ETF Stock Performance

ARKK opened at $66.48 on Wednesday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43. The stock’s 50 day simple moving average is $60.81 and its 200 day simple moving average is $52.71.

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.