Fiduciary Alliance LLC Acquires New Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Fiduciary Alliance LLC bought a new position in ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 3,985 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of ARK Innovation ETF in the second quarter worth approximately $26,000. Global Trust Asset Management LLC grew 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 buying an additional 550 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in ARK Innovation ETF in the 2nd quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL bought a new position in shares of ARK Innovation ETF in the 2nd quarter worth $34,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at $76,000.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK opened at $56.41 on Wednesday. The stock’s 50-day simple moving average is $58.16 and its two-hundred day simple moving average is $49.97. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $63.44.

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.