Kestra Investment Management LLC Invests $68,000 in ARK Innovation ETF (NYSEARCA:ARKK)

Kestra Investment Management LLC acquired a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,197 shares of the company’s stock, valued at approximately $68,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARKK. Strategic Financial Concepts LLC purchased a new stake in shares of ARK Innovation ETF in the fourth quarter valued at $514,000. Total Investment Management Inc. boosted its stake in ARK Innovation ETF by 16.9% in the 3rd quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock worth $63,625,000 after buying an additional 193,251 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in ARK Innovation ETF in the 3rd quarter valued at about $6,545,000. Ascension Capital Advisors Inc. increased its stake in shares of ARK Innovation ETF by 32.0% during the 3rd quarter. Ascension Capital Advisors Inc. now owns 356,194 shares of the company’s stock valued at $16,930,000 after acquiring an additional 86,382 shares during the last quarter. Finally, SteelPeak Wealth LLC purchased a new position in shares of ARK Innovation ETF during the 4th quarter worth about $3,512,000.

ARK Innovation ETF Stock Down 5.9 %

Shares of ARKK stock opened at $60.20 on Friday. ARK Innovation ETF has a one year low of $36.85 and a one year high of $68.43. The company has a 50 day moving average price of $61.06 and a 200 day moving average price of $53.06.

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.