Sonata Capital Group Inc. Takes Position in ARK Innovation ETF (NYSEARCA:ARKK)

Sonata Capital Group Inc. purchased a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,950 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley lifted its holdings in ARK Innovation ETF by 10.1% during the fourth quarter. Morgan Stanley now owns 9,490,338 shares of the company’s stock valued at $1,181,452,000 after purchasing an additional 873,411 shares in the last quarter. LPL Financial LLC boosted its position in shares of ARK Innovation ETF by 23.9% in the 4th quarter. LPL Financial LLC now owns 2,924,787 shares of the company’s stock worth $364,107,000 after buying an additional 563,382 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of ARK Innovation ETF by 23.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,630,669 shares of the company’s stock valued at $203,002,000 after acquiring an additional 308,237 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in ARK Innovation ETF by 7.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 894,761 shares of the company’s stock worth $111,389,000 after purchasing an additional 65,794 shares in the last quarter. Finally, Park Capital Group acquired a new stake in ARK Innovation ETF during the 4th quarter worth approximately $89,440,000.

ARKK traded down $2.08 on Wednesday, reaching $104.04. 349,229 shares of the company’s stock were exchanged, compared to its average volume of 11,695,687. The company’s 50 day moving average is $119.64 and its 200-day moving average is $124.29. ARK Innovation ETF has a twelve month low of $54.31 and a twelve month high of $159.70.

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Institutional Ownership by Quarter for ARK Innovation ETF (NYSEARCA:ARKK)

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