Apollon Wealth Management LLC Takes Position in ARK Innovation ETF (NYSEARCA:ARKK)

Apollon Wealth Management LLC purchased a new position in ARK Innovation ETF (NYSEARCA:ARKK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,389 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of ARK Innovation ETF by 5,773.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock worth $755,420,000 after buying an additional 1,562,287 shares during the period. Blue Trust Inc. lifted its position in shares of ARK Innovation ETF by 3.4% in the 3rd quarter. Blue Trust Inc. now owns 1,514,863 shares of the company’s stock worth $66,578,000 after purchasing an additional 50,251 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of ARK Innovation ETF by 120.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock valued at $62,177,000 after purchasing an additional 774,315 shares in the last quarter. Granite Bay Wealth Management LLC raised its stake in ARK Innovation ETF by 3,969.2% in the second quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock worth $62,559,000 after buying an additional 1,357,875 shares in the last quarter. Finally, Total Investment Management Inc. lifted its holdings in ARK Innovation ETF by 1.3% during the second quarter. Total Investment Management Inc. now owns 1,145,381 shares of the company’s stock worth $50,339,000 after buying an additional 15,222 shares during the period.

ARK Innovation ETF Trading Up 3.1 %

Shares of NYSEARCA:ARKK opened at $55.11 on Tuesday. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $58.38. The business’s fifty day simple moving average is $47.90 and its 200-day simple moving average is $45.64.

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.