BlueChip Wealth Advisors LLC Purchases New Shares in ARK Innovation ETF (NYSEARCA:ARKK)

BlueChip Wealth Advisors LLC purchased a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,557 shares of the company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARKK. Clear Creek Financial Management LLC lifted its holdings in ARK Innovation ETF by 1.7% during the fourth quarter. Clear Creek Financial Management LLC now owns 14,042 shares of the company’s stock valued at $735,000 after purchasing an additional 229 shares in the last quarter. Concord Wealth Partners lifted its holdings in ARK Innovation ETF by 31.8% during the fourth quarter. Concord Wealth Partners now owns 1,213 shares of the company’s stock valued at $64,000 after purchasing an additional 293 shares in the last quarter. Diligent Investors LLC lifted its holdings in ARK Innovation ETF by 3.5% during the fourth quarter. Diligent Investors LLC now owns 9,052 shares of the company’s stock valued at $474,000 after purchasing an additional 305 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in ARK Innovation ETF by 10.1% during the fourth quarter. Sound Income Strategies LLC now owns 3,452 shares of the company’s stock valued at $181,000 after purchasing an additional 318 shares in the last quarter. Finally, Milestone Asset Management LLC lifted its holdings in ARK Innovation ETF by 3.1% during the fourth quarter. Milestone Asset Management LLC now owns 10,992 shares of the company’s stock valued at $576,000 after purchasing an additional 328 shares in the last quarter.

ARK Innovation ETF Stock Performance

Shares of NYSEARCA:ARKK traded up $0.28 during midday trading on Monday, hitting $44.15. The company’s stock had a trading volume of 6,120,991 shares, compared to its average volume of 12,948,260. The business’s 50 day simple moving average is $44.45 and its 200 day simple moving average is $47.57. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52.

ARK Innovation ETF Profile

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.