Wealth Alliance Advisory Group LLC Acquires New Shares in ARK Innovation ETF (NYSEARCA:ARKK)

Wealth Alliance Advisory Group LLC acquired a new position in ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,081 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds have also bought and sold shares of the business. Wealthcare Advisory Partners LLC raised its stake in shares of ARK Innovation ETF by 24.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 13,713 shares of the company’s stock worth $778,000 after buying an additional 2,729 shares during the period. Tallon Kerry Patrick bought a new stake in ARK Innovation ETF during the 4th quarter worth approximately $1,843,000. Advisors Management Group Inc. ADV bought a new position in shares of ARK Innovation ETF in the fourth quarter worth approximately $224,000. Park Avenue Securities LLC increased its stake in shares of ARK Innovation ETF by 211.2% in the fourth quarter. Park Avenue Securities LLC now owns 13,321 shares of the company’s stock worth $756,000 after purchasing an additional 9,041 shares in the last quarter. Finally, Fiduciary Alliance LLC bought a new stake in shares of ARK Innovation ETF during the 4th quarter valued at $226,000.

ARK Innovation ETF Stock Up 1.5 %

Shares of ARK Innovation ETF stock opened at $59.61 on Friday. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $63.44. The company has a fifty day moving average of $58.52 and a 200 day moving average of $50.23.

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.