Focus Financial Network Inc. increased its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,020 shares of the company’s stock after buying an additional 422 shares during the period. Focus Financial Network Inc.’s holdings in ARK Innovation ETF were worth $739,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in ARKK. Global Trust Asset Management LLC increased 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 purchasing an additional 550 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in ARK Innovation ETF during the third quarter valued at $76,000. Hobbs Group Advisors LLC purchased a new stake in ARK Innovation ETF in the third quarter worth $86,000. Elevation Wealth Partners LLC bought a new stake in shares of ARK Innovation ETF in the fourth quarter valued at $125,000. Finally, Spire Wealth Management lifted its position in shares of ARK Innovation ETF by 118.6% during the 4th quarter. Spire Wealth Management now owns 3,273 shares of the company’s stock valued at $186,000 after buying an additional 1,776 shares during the last quarter.
ARK Innovation ETF Trading Up 2.2 %
ARKK stock opened at $62.68 on Thursday. The stock has a fifty day moving average of $60.49 and a 200-day moving average of $52.13. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $64.72.
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.
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