Sovran Advisors LLC Buys Shares of 11,694 ARK Innovation ETF (NYSEARCA:ARKK)

Sovran Advisors LLC purchased a new stake 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 purchased 11,694 shares of the company’s stock, valued at approximately $660,000.

A number of other large investors have also recently made changes to their positions in ARKK. Essex Financial Services Inc. bought a new stake in shares of ARK Innovation ETF during the 4th quarter valued at about $220,000. Focus Financial Network Inc. boosted its holdings in shares of ARK Innovation ETF by 3.3% in the fourth quarter. Focus Financial Network Inc. now owns 13,020 shares of the company’s stock worth $739,000 after buying an additional 422 shares during the last quarter. Elevation Wealth Partners LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at approximately $125,000. Savant Capital LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at approximately $203,000. Finally, AlphaStar Capital Management LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at approximately $207,000.

ARK Innovation ETF Price Performance

Shares of ARKK stock opened at $61.35 on Wednesday. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $64.72. The firm has a fifty day moving average price of $60.44 and a 200-day moving average price of $52.02.

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.