Tallon Kerry Patrick Invests $1.84 Million in ARK Innovation ETF (NYSEARCA:ARKK)

Tallon Kerry Patrick purchased a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 32,397 shares of the company’s stock, valued at approximately $1,843,000. ARK Innovation ETF comprises approximately 1.8% of Tallon Kerry Patrick’s portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of ARKK. Global Trust Asset Management LLC boosted its stake in shares of 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 last quarter. Hershey Financial Advisers LLC bought a new stake in shares of ARK Innovation ETF during the 2nd quarter valued at $32,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of ARK Innovation ETF during the 2nd quarter valued at $34,000. Brown Brothers Harriman & Co. bought a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at $76,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at $86,000.

ARK Innovation ETF Stock Performance

Shares of ARKK stock opened at $58.74 on Friday. ARK Innovation ETF has a one year low of $36.85 and a one year high of $63.44. The company’s fifty day moving average price is $58.29 and its 200-day moving average price is $50.03.

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.