Covenant Asset Management LLC Invests $246,000 in ARK Innovation ETF (NYSEARCA:ARKK)

Covenant Asset Management LLC bought a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKKFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,692 shares of the company’s stock, valued at approximately $246,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL acquired a new stake in ARK Innovation ETF in the first quarter valued at approximately $25,000. Lindbrook Capital LLC grew its holdings in ARK Innovation ETF by 77.5% during the 3rd quarter. Lindbrook Capital LLC now owns 710 shares of the company’s stock valued at $28,000 after purchasing an additional 310 shares in the last quarter. Hollencrest Capital Management increased its stake in ARK Innovation ETF by 74.5% during the 1st 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. Oliver Lagore Vanvalin Investment Group lifted its holdings in ARK Innovation ETF by 103.3% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 738 shares of the company’s stock worth $29,000 after buying an additional 375 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new position in ARK Innovation ETF in the 3rd quarter valued at about $31,000.

ARK Innovation ETF Stock Performance

Shares of ARK Innovation ETF stock opened at $50.08 on Monday. ARK Innovation ETF has a 1-year low of $33.76 and a 1-year high of $54.52. The business has a 50-day moving average of $48.99 and a 200-day moving average of $45.65.

ARK Innovation ETF Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ARKK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARK Innovation ETF (NYSEARCA:ARKKFree Report).

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

Receive News & Ratings for ARK Innovation ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARK Innovation ETF and related companies with MarketBeat.com's FREE daily email newsletter.