Clearstead Trust LLC Buys 1,850 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Clearstead Trust LLC boosted its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 37.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,776 shares of the company’s stock after acquiring an additional 1,850 shares during the period. Clearstead Trust LLC’s holdings in ARK Innovation ETF were worth $355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. NavPoint Financial Inc. purchased a new position in ARK Innovation ETF in the fourth quarter worth $497,000. Avidian Wealth Solutions LLC increased its position in shares of ARK Innovation ETF by 11.5% during the 4th quarter. Avidian Wealth Solutions LLC now owns 12,310 shares of the company’s stock valued at $645,000 after purchasing an additional 1,268 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of ARK Innovation ETF by 2.6% during the 4th quarter. Merit Financial Group LLC now owns 31,990 shares of the company’s stock valued at $1,675,000 after buying an additional 815 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of ARK Innovation ETF by 20.8% during the 4th quarter. First Horizon Advisors Inc. now owns 9,677 shares of the company’s stock valued at $507,000 after buying an additional 1,668 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC bought a new stake in ARK Innovation ETF in the 4th quarter worth approximately $1,432,000.

ARK Innovation ETF Stock Up 1.2 %

Shares of ARKK traded up $0.54 during trading hours on Friday, hitting $45.47. The company had a trading volume of 12,656,484 shares, compared to its average volume of 14,186,380. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52. The stock’s 50 day moving average price is $47.74 and its 200 day moving average price is $46.70.

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.