Clearwater Capital Advisors LLC Increases Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Clearwater Capital Advisors LLC increased its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 35.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 144,161 shares of the company’s stock after buying an additional 38,116 shares during the period. ARK Innovation ETF accounts for approximately 0.8% of Clearwater Capital Advisors LLC’s portfolio, making the stock its 29th largest position. Clearwater Capital Advisors LLC’s holdings in ARK Innovation ETF were worth $7,550,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Clear Creek Financial Management LLC raised its holdings in shares of ARK Innovation ETF by 1.7% in the 4th quarter. Clear Creek Financial Management LLC now owns 14,042 shares of the company’s stock worth $735,000 after purchasing an additional 229 shares during the period. Signaturefd LLC lifted its holdings in shares of ARK Innovation ETF by 3.5% during the 3rd quarter. Signaturefd LLC now owns 7,496 shares of the company’s stock valued at $297,000 after acquiring an additional 255 shares in the last quarter. Concord Wealth Partners boosted its position in ARK Innovation ETF by 31.8% during the 4th quarter. Concord Wealth Partners now owns 1,213 shares of the company’s stock worth $64,000 after purchasing an additional 293 shares during the period. Diligent Investors LLC raised its position in ARK Innovation ETF by 3.5% in the fourth quarter. Diligent Investors LLC now owns 9,052 shares of the company’s stock valued at $474,000 after purchasing an additional 305 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in shares of ARK Innovation ETF by 77.5% during the third quarter. Lindbrook Capital LLC now owns 710 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter.

ARK Innovation ETF Price Performance

Shares of ARKK stock traded down $0.26 during trading hours on Thursday, reaching $44.17. The company had a trading volume of 7,348,452 shares, compared to its average volume of 13,921,915. The stock’s fifty day simple moving average is $47.42 and its 200 day simple moving average is $46.82. 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.