Quadrature Capital Ltd Grows Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Quadrature Capital Ltd increased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 1,036.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 103,963 shares of the company’s stock after acquiring an additional 94,817 shares during the quarter. Quadrature Capital Ltd’s holdings in ARK Innovation ETF were worth $5,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its holdings in shares of ARK Innovation ETF by 5.8% during the fourth quarter. Raymond James & Associates now owns 951,484 shares of the company’s stock worth $49,829,000 after purchasing an additional 52,574 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in ARK Innovation ETF during the 4th quarter worth approximately $522,000. Blackston Financial Advisory Group LLC purchased a new position in ARK Innovation ETF during the 4th quarter worth approximately $233,000. ARK Investment Management LLC increased its position in ARK Innovation ETF by 155.4% during the fourth quarter. ARK Investment Management LLC now owns 28,027 shares of the company’s stock worth $1,468,000 after buying an additional 17,055 shares during the period. Finally, WealthCare Investment Partners LLC lifted its stake in ARK Innovation ETF by 2.5% in the fourth quarter. WealthCare Investment Partners LLC now owns 17,286 shares of the company’s stock valued at $869,000 after buying an additional 424 shares during the last quarter.

ARK Innovation ETF Stock Performance

Shares of ARKK traded up $0.59 during mid-day trading on Friday, reaching $45.78. 7,211,692 shares of the company’s stock were exchanged, compared to its average volume of 12,030,110. The business’s fifty day simple moving average is $44.89 and its 200-day simple moving average is $46.54. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52.

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.