Madison Park Capital Advisors LLC Takes $2.41 Million Position in ARK Innovation ETF (NYSEARCA:ARKK)

Madison Park Capital Advisors LLC bought a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 45,992 shares of the company’s stock, valued at approximately $2,409,000. ARK Innovation ETF accounts for about 2.3% of Madison Park Capital Advisors LLC’s portfolio, making the stock its 16th largest position.

Other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC lifted its stake 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 buying an additional 310 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted its stake 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 buying an additional 375 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in ARK Innovation ETF in the 3rd quarter valued at about $31,000. Annapolis Financial Services LLC lifted its stake in ARK Innovation ETF by 395.9% in the 3rd quarter. Annapolis Financial Services LLC now owns 838 shares of the company’s stock worth $33,000 after purchasing an additional 669 shares in the last quarter. Finally, Headinvest LLC acquired a new position in shares of ARK Innovation ETF during the third quarter worth $37,000.

ARK Innovation ETF Price Performance

ARKK traded up $1.26 on Tuesday, reaching $43.86. The company had a trading volume of 16,424,936 shares, compared to its average volume of 14,421,541. ARK Innovation ETF has a 1 year low of $33.76 and a 1 year high of $54.52. The stock has a 50-day moving average price of $48.57 and a 200-day moving average price of $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.