Kestra Advisory Services LLC Grows Stock Position in ARK Innovation ETF $ARKK

Kestra Advisory Services LLC increased its stake in shares of ARK Innovation ETF (BATS:ARKK) by 13.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,333 shares of the company’s stock after purchasing an additional 11,577 shares during the quarter. Kestra Advisory Services LLC owned 0.10% of ARK Innovation ETF worth $6,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARKK. Dakota Wealth Management purchased a new stake in shares of ARK Innovation ETF in the fourth quarter valued at about $2,001,000. NavPoint Financial Inc. raised its holdings in ARK Innovation ETF by 72.6% during the fourth quarter. NavPoint Financial Inc. now owns 20,040 shares of the company’s stock worth $1,541,000 after purchasing an additional 8,430 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in ARK Innovation ETF during the fourth quarter worth about $562,000. CWM LLC raised its holdings in ARK Innovation ETF by 4.1% during the fourth quarter. CWM LLC now owns 176,331 shares of the company’s stock worth $13,563,000 after purchasing an additional 6,904 shares in the last quarter. Finally, BIP Wealth LLC lifted its position in ARK Innovation ETF by 243.7% in the fourth quarter. BIP Wealth LLC now owns 14,704 shares of the company’s stock valued at $1,131,000 after purchasing an additional 10,426 shares during the period.

ARK Innovation ETF Trading Up 1.6%

Shares of ARKK opened at $79.52 on Wednesday. ARK Innovation ETF has a twelve month low of $62.94 and a twelve month high of $92.65. The stock’s 50 day moving average is $78.42 and its two-hundred day moving average is $75.91. The firm has a market capitalization of $7.53 billion, a PE ratio of 50.14 and a beta of 1.92.

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 issued by ARK.