Strategic Financial Concepts LLC Buys Shares of 904,919 ARK Innovation ETF (NYSEARCA:ARKK)

Strategic Financial Concepts LLC purchased a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 904,919 shares of the company’s stock, valued at approximately $514,000.

Other hedge funds also recently modified their holdings of the company. Global Trust Asset Management LLC boosted its holdings in ARK Innovation ETF by 550.0% in the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of ARK Innovation ETF during the 3rd quarter worth about $76,000. Hobbs Group Advisors LLC acquired a new position in shares of ARK Innovation ETF during the 3rd quarter valued at about $86,000. Spire Wealth Management raised its stake in shares of ARK Innovation ETF by 118.6% in the 4th quarter. Spire Wealth Management now owns 3,273 shares of the company’s stock valued at $186,000 after acquiring an additional 1,776 shares in the last quarter. Finally, KPP Advisory Services LLC acquired a new stake in ARK Innovation ETF in the 4th quarter worth approximately $210,000.

ARK Innovation ETF Stock Down 2.2 %

Shares of ARK Innovation ETF stock opened at $61.35 on Wednesday. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $64.72. The stock has a 50 day moving average price of $60.44 and a two-hundred day moving average price of $52.02.

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.