Cresset Asset Management LLC Boosts Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Cresset Asset Management LLC grew its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 26.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 518,459 shares of the company’s stock after acquiring an additional 106,928 shares during the quarter. Cresset Asset Management LLC owned 0.28% of ARK Innovation ETF worth $20,915,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ARKK. Moneta Group Investment Advisors LLC increased its stake in shares of ARK Innovation ETF by 86,013.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,038,508 shares of the company’s stock worth $282,363,000 after buying an additional 9,028,012 shares during the period. SHANDA ASSET MANAGEMENT HOLDINGS Ltd increased its stake in shares of ARK Innovation ETF by 13.7% in the fourth quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd now owns 8,052,500 shares of the company’s stock worth $251,560,000 after buying an additional 969,400 shares during the period. LPL Financial LLC increased its stake in shares of ARK Innovation ETF by 0.5% in the first quarter. LPL Financial LLC now owns 3,557,606 shares of the company’s stock worth $143,514,000 after buying an additional 17,102 shares during the period. Jane Street Group LLC increased its stake in shares of ARK Innovation ETF by 674.4% in the fourth quarter. Jane Street Group LLC now owns 1,546,330 shares of the company’s stock worth $48,307,000 after buying an additional 1,346,643 shares during the period. Finally, UBS Group AG increased its stake in shares of ARK Innovation ETF by 154.2% in the fourth quarter. UBS Group AG now owns 1,405,472 shares of the company’s stock worth $43,907,000 after buying an additional 852,504 shares during the period.

ARK Innovation ETF Stock Performance

NYSEARCA:ARKK traded down $0.28 during trading hours on Friday, hitting $43.73. The company had a trading volume of 4,601,521 shares, compared to its average volume of 20,129,711. The stock has a 50-day moving average price of $45.01 and a 200 day moving average price of $41.36. ARK Innovation ETF has a 52 week low of $29.43 and a 52 week high of $51.33.

ARK Innovation ETF 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.