KFA Private Wealth Group LLC Buys Shares of 4,930 ARK Innovation ETF (NYSEARCA:ARKK)

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

Several other institutional investors have also added to or reduced their stakes in ARKK. International Assets Investment Management LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter worth $93,781,000. Simplex Trading LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter worth $29,351,000. Morgan Stanley boosted its stake in shares of ARK Innovation ETF by 5.1% in the 3rd quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock worth $377,821,000 after buying an additional 460,104 shares during the last quarter. Citigroup Inc. boosted its stake in shares of ARK Innovation ETF by 11.3% in the 3rd quarter. Citigroup Inc. now owns 3,227,469 shares of the company’s stock worth $128,034,000 after buying an additional 328,088 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of ARK Innovation ETF by 896.6% in the 3rd quarter. Corient Private Wealth LLC now owns 190,641 shares of the company’s stock worth $7,563,000 after buying an additional 171,511 shares during the last quarter.

ARK Innovation ETF Price Performance

NYSEARCA ARKK traded up $0.46 on Friday, hitting $44.07. 8,953,196 shares of the company traded hands, compared to its average volume of 14,267,461. The business’s 50 day moving average price is $48.15 and its 200-day moving average price is $46.39. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52.

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.