Quantitative Advantage LLC acquired a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,003 shares of the company’s stock, valued at approximately $360,000.
A number of other institutional investors also recently made changes to their positions in the stock. Core Wealth Advisors Inc. purchased a new position in shares of ARK Innovation ETF in the fourth quarter valued at approximately $25,000. RMR Wealth Builders purchased a new stake in ARK Innovation ETF in the 4th quarter valued at $25,000. Powell Investment Advisors LLC purchased a new stake in shares of ARK Innovation ETF in the first quarter valued at about $25,000. Westside Investment Management Inc. purchased a new stake in ARK Innovation ETF during the 1st quarter valued at approximately $26,000. Finally, Sage Private Wealth Group LLC acquired a new stake in shares of ARK Innovation ETF during the fourth quarter worth $28,000.
Shares of NYSEARCA:ARKK traded up $0.43 on Friday, reaching $115.40. 323,513 shares of the company were exchanged, compared to its average volume of 11,733,596. ARK Innovation ETF has a 1-year low of $60.61 and a 1-year high of $159.70. The stock’s 50-day simple moving average is $114.94.
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