ARK Innovation ETF (NYSEARCA:ARKK) Position Boosted by Kovack Advisors Inc.

Kovack Advisors Inc. increased its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 63.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,305 shares of the company’s stock after buying an additional 7,127 shares during the quarter. Kovack Advisors Inc.’s holdings in ARK Innovation ETF were worth $959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in ARK Innovation ETF in the fourth quarter worth approximately $93,781,000. Cedar Brook Financial Partners LLC acquired a new stake in shares of ARK Innovation ETF during the 4th quarter valued at $203,000. Blackston Financial Advisory Group LLC acquired a new stake in shares of ARK Innovation ETF during the 4th quarter valued at $233,000. Global Retirement Partners LLC lifted its position in shares of ARK Innovation ETF by 19.0% during the 4th quarter. Global Retirement Partners LLC now owns 6,212 shares of the company’s stock valued at $325,000 after acquiring an additional 991 shares during the last quarter. Finally, Integrated Advisors Network LLC acquired a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at $206,000.

ARK Innovation ETF Price Performance

Shares of NYSEARCA:ARKK traded up $0.46 on Friday, reaching $44.07. 9,101,150 shares of the company traded hands, compared to its average volume of 14,267,461. ARK Innovation ETF has a fifty-two week low of $33.76 and a fifty-two week high of $54.52. The company’s 50 day moving average is $48.15 and its 200-day moving average is $46.39.

ARK Innovation ETF Company 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.