SteelPeak Wealth LLC Acquires Shares of 61,867 ARK Innovation ETF (NYSEARCA:ARKK)

SteelPeak Wealth LLC acquired a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 61,867 shares of the company’s stock, valued at approximately $3,512,000.

Other hedge funds have also recently modified their holdings of the company. Global Trust Asset Management LLC lifted its holdings in ARK Innovation ETF by 550.0% in the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after acquiring an additional 550 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of ARK Innovation ETF in the 2nd quarter valued at $34,000. Brown Brothers Harriman & Co. acquired a new position in shares of ARK Innovation ETF in the 3rd quarter valued at $76,000. Hobbs Group Advisors LLC purchased a new stake in ARK Innovation ETF during the third quarter worth $86,000. Finally, Capstone Investment Advisors LLC acquired a new stake in ARK Innovation ETF during the third quarter valued at $202,000.

ARK Innovation ETF Trading Up 2.0 %

Shares of ARK Innovation ETF stock opened at $61.93 on Wednesday. The firm has a 50-day simple moving average of $59.24 and a two-hundred day simple moving average of $50.92. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $63.61.

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.