Raymond James & Associates Grows Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Raymond James & Associates lifted its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 951,484 shares of the company’s stock after buying an additional 52,574 shares during the quarter. Raymond James & Associates owned approximately 0.52% of ARK Innovation ETF worth $49,829,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Cedar Brook Financial Partners LLC purchased a new position in ARK Innovation ETF during the fourth quarter worth about $203,000. Integrated Advisors Network LLC purchased a new position in shares of ARK Innovation ETF during the 3rd quarter worth about $206,000. Headinvest LLC acquired a new stake in shares of ARK Innovation ETF in the third quarter worth approximately $37,000. Dfpg Investments LLC grew its holdings in ARK Innovation ETF by 3.8% in the fourth quarter. Dfpg Investments LLC now owns 10,812 shares of the company’s stock valued at $525,000 after purchasing an additional 392 shares during the period. Finally, Banque Pictet & Cie SA acquired a new position in ARK Innovation ETF during the third quarter worth approximately $344,000.

ARK Innovation ETF Stock Up 0.2 %

NYSEARCA:ARKK opened at $50.11 on Thursday. The firm’s 50 day moving average is $48.82 and its two-hundred day moving average is $45.57. ARK Innovation ETF has a fifty-two week low of $33.76 and a fifty-two week high of $54.52.

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.