KPP Advisory Services LLC Acquires New Position in ARK Innovation ETF (NYSEARCA:ARKK)

KPP Advisory Services LLC bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,701 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds also recently made changes to their positions in ARKK. International Assets Investment Management LLC boosted its stake in ARK Innovation ETF by 5,773.2% in the third quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock valued at $755,420,000 after acquiring an additional 1,562,287 shares during the period. Total Investment Management Inc. boosted its position in ARK Innovation ETF by 16.9% during the 3rd quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock valued at $63,625,000 after purchasing an additional 193,251 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in ARK Innovation ETF during the 3rd quarter valued at approximately $6,545,000. Claro Advisors LLC grew its stake in ARK Innovation ETF by 1,588.1% during the 3rd quarter. Claro Advisors LLC now owns 123,266 shares of the company’s stock worth $5,859,000 after buying an additional 115,964 shares during the last quarter. Finally, Ascension Capital Advisors Inc. increased its position in ARK Innovation ETF by 32.0% in the third quarter. Ascension Capital Advisors Inc. now owns 356,194 shares of the company’s stock worth $16,930,000 after buying an additional 86,382 shares during the period.

ARK Innovation ETF Price Performance

Shares of ARKK opened at $61.78 on Tuesday. The firm has a fifty day moving average of $59.80 and a 200-day moving average of $51.33. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $64.72.

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.