Global Assets Advisory LLC Takes Position in ARK Innovation ETF (NYSEARCA:ARKK)

Global Assets Advisory LLC acquired a new position in ARK Innovation ETF (NYSEARCA:ARKK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,758 shares of the company’s stock, valued at approximately $266,000.

Several other hedge funds have also recently bought and sold shares of the business. Westside Investment Management Inc. raised its position in shares of ARK Innovation ETF by 107.1% in the first quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in ARK Innovation ETF in the 2nd quarter valued at $26,000. Hershey Financial Advisers LLC bought a new position in ARK Innovation ETF in the 2nd quarter worth $32,000. Strategic Investment Solutions Inc. IL acquired a new position in ARK Innovation ETF during the 2nd quarter worth $34,000. Finally, Consultiva Wealth Management CORP. bought a new stake in ARK Innovation ETF during the first quarter valued at about $42,000.

ARK Innovation ETF Price Performance

NYSEARCA ARKK opened at $47.38 on Friday. The stock has a 50-day simple moving average of $45.70 and a 200 day simple moving average of $44.91. ARK Innovation ETF has a twelve month low of $33.76 and a twelve month high of $54.52.

About ARK Innovation ETF

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.