KFA Private Wealth Group LLC Purchases New Stake in ARK Innovation ETF (NYSEARCA:ARKK)

KFA Private Wealth Group LLC purchased a new stake in ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,930 shares of the company’s stock, valued at approximately $258,000.

Several other institutional investors have also recently added to or reduced their stakes in ARKK. Lindbrook Capital LLC lifted its holdings in ARK Innovation ETF by 77.5% in the 3rd quarter. Lindbrook Capital LLC now owns 710 shares of the company’s stock valued at $28,000 after acquiring an additional 310 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its holdings in ARK Innovation ETF by 103.3% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 738 shares of the company’s stock valued at $29,000 after acquiring an additional 375 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in ARK Innovation ETF in the 3rd quarter valued at about $31,000. Annapolis Financial Services LLC lifted its holdings in ARK Innovation ETF by 395.9% in the 3rd quarter. Annapolis Financial Services LLC now owns 838 shares of the company’s stock valued at $33,000 after acquiring an additional 669 shares during the last quarter. Finally, Headinvest LLC acquired a new stake in ARK Innovation ETF in the 3rd quarter valued at about $37,000.

ARK Innovation ETF Price Performance

ARKK stock traded up $0.46 during mid-day trading on Friday, reaching $44.07. 8,953,196 shares of the stock traded hands, compared to its average volume of 14,267,461. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52. The stock’s fifty day moving average is $48.15 and its 200-day moving average is $46.39.

ARK Innovation ETF Company 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.