Rodgers & Associates LTD Buys 2,073 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Rodgers & Associates LTD grew its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 18.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,070 shares of the company’s stock after acquiring an additional 2,073 shares during the quarter. Rodgers & Associates LTD’s holdings in ARK Innovation ETF were worth $654,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARKK. Quadrature Capital Ltd bought a new position in ARK Innovation ETF during the fourth quarter worth about $479,000. Mather Group LLC. bought a new position in ARK Innovation ETF during the first quarter worth about $38,000. Sound Income Strategies LLC boosted its holdings in ARK Innovation ETF by 9.9% during the first quarter. Sound Income Strategies LLC now owns 3,794 shares of the company’s stock worth $190,000 after buying an additional 342 shares during the last quarter. GoalVest Advisory LLC boosted its holdings in ARK Innovation ETF by 124.8% during the first quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock worth $34,000 after buying an additional 372 shares during the last quarter. Finally, RFG Holdings Inc. boosted its holdings in ARK Innovation ETF by 904.4% during the first quarter. RFG Holdings Inc. now owns 53,743 shares of the company’s stock worth $2,691,000 after buying an additional 48,392 shares during the last quarter.

ARK Innovation ETF Price Performance

ARKK traded down $0.38 during midday trading on Tuesday, reaching $47.00. 1,469,508 shares of the company were exchanged, compared to its average volume of 10,320,072. The stock’s 50-day simple moving average is $45.53 and its 200 day simple moving average is $44.91. ARK Innovation ETF has a one year low of $33.76 and a one year high of $54.52.

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.