Commonwealth Equity Services LLC Increases Position in ARK Innovation ETF (NYSEARCA:ARKK)

Commonwealth Equity Services LLC grew its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 1.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,376,707 shares of the company’s stock after buying an additional 21,013 shares during the period. Commonwealth Equity Services LLC owned 0.75% of ARK Innovation ETF worth $60,768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nemes Rush Group LLC purchased a new position in ARK Innovation ETF during the second quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in ARK Innovation ETF during the first quarter worth about $25,000. RFP Financial Group LLC acquired a new position in ARK Innovation ETF during the second quarter worth about $27,000. Hollencrest Capital Management grew its position in ARK Innovation ETF by 74.5% during the first quarter. Hollencrest Capital Management now owns 698 shares of the company’s stock worth $28,000 after buying an additional 298 shares during the period. Finally, Bessemer Group Inc. grew its position in ARK Innovation ETF by 106.7% during the first quarter. Bessemer Group Inc. now owns 775 shares of the company’s stock worth $31,000 after buying an additional 400 shares during the period.

ARK Innovation ETF Trading Up 3.5 %

ARKK traded up $1.49 on Friday, hitting $43.70. 16,886,969 shares of the company were exchanged, compared to its average volume of 19,316,645. The business’s fifty day moving average is $39.28 and its 200 day moving average is $41.71. ARK Innovation ETF has a fifty-two week low of $29.43 and a fifty-two week high of $51.33.

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.