Cetera Investment Advisers Boosts Position in ARK Innovation ETF (NYSEARCA:ARKK)

Cetera Investment Advisers raised its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 120.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 329,452 shares of the company’s stock after buying an additional 179,699 shares during the quarter. Cetera Investment Advisers owned about 0.22% of ARK Innovation ETF worth $16,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ARKK. Jones Financial Companies Lllp bought a new stake in shares of ARK Innovation ETF during the 4th quarter valued at about $26,000. Westside Investment Management Inc. lifted its position in ARK Innovation ETF by 107.1% in the first quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. GoalVest Advisory LLC increased its stake in shares of ARK Innovation ETF by 124.8% during the first quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock valued at $34,000 after buying an additional 372 shares during the period. Mather Group LLC. purchased a new position in shares of ARK Innovation ETF during the first quarter valued at approximately $38,000. Finally, Consultiva Wealth Management CORP. purchased a new position in shares of ARK Innovation ETF during the first quarter valued at approximately $42,000.

ARK Innovation ETF Price Performance

Shares of ARKK traded down $2.00 during mid-day trading on Friday, hitting $41.21. 14,706,074 shares of the company’s stock traded hands, compared to its average volume of 11,944,337. ARK Innovation ETF has a 1 year low of $33.76 and a 1 year high of $54.52. The business’s 50-day moving average price is $44.83 and its 200-day moving average price is $46.41.

About ARK Innovation ETF

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.