Nwam LLC Has $1.78 Million Position in ARK Innovation ETF (NYSEARCA:ARKK)

Nwam LLC raised its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 218.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,381 shares of the company’s stock after buying an additional 27,705 shares during the quarter. Nwam LLC’s holdings in ARK Innovation ETF were worth $1,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARKK. Cibc World Market Inc. increased its stake in shares of ARK Innovation ETF by 5.0% in the first quarter. Cibc World Market Inc. now owns 76,845 shares of the company’s stock worth $5,094,000 after acquiring an additional 3,684 shares during the last quarter. Candriam Luxembourg S.C.A. grew its stake in ARK Innovation ETF by 100.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 35,520 shares of the company’s stock valued at $2,355,000 after purchasing an additional 17,760 shares in the last quarter. Wsfs Capital Management LLC increased its position in ARK Innovation ETF by 22.9% in the 1st quarter. Wsfs Capital Management LLC now owns 7,776 shares of the company’s stock worth $515,000 after purchasing an additional 1,447 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of ARK Innovation ETF by 26.7% during the 1st quarter. Prudential Financial Inc. now owns 8,554 shares of the company’s stock worth $567,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. grew its holdings in ARK Innovation ETF by 46.5% during the first quarter. Laurel Wealth Advisors Inc. now owns 58,171 shares of the company’s stock valued at $3,856,000 after purchasing an additional 18,454 shares during the last quarter.

ARK Innovation ETF Trading Down 1.9 %

Shares of NYSEARCA:ARKK traded down $0.82 during trading on Thursday, reaching $42.19. The stock had a trading volume of 3,003,214 shares, compared to its average volume of 19,253,188. The stock has a fifty day simple moving average of $39.32 and a two-hundred day simple moving average of $41.65. 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.