ARK Innovation ETF (NYSEARCA:ARKK) Reaches New 12-Month High – Here’s What Happened

ARK Innovation ETF (NYSEARCA:ARKK)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $63.73 and last traded at $63.72, with a volume of 6151236 shares traded. The stock had previously closed at $61.86.

ARK Innovation ETF Stock Down 1.0 %

The business’s 50-day moving average is $59.80 and its two-hundred day moving average is $51.30.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC raised its holdings in ARK Innovation ETF by 5,773.2% during the third quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock worth $755,420,000 after purchasing an additional 1,562,287 shares in the last quarter. Blue Trust Inc. lifted its holdings in ARK Innovation ETF by 3.4% in the third quarter. Blue Trust Inc. now owns 1,514,863 shares of the company’s stock valued at $66,578,000 after acquiring an additional 50,251 shares during the period. Total Investment Management Inc. boosted its position in shares of ARK Innovation ETF by 16.9% during the 3rd quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock worth $63,625,000 after purchasing an additional 193,251 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter valued at about $514,000. Finally, Ascension Capital Advisors Inc. lifted its stake in shares of ARK Innovation ETF by 32.0% in the third quarter. Ascension Capital Advisors Inc. now owns 356,194 shares of the company’s stock valued at $16,930,000 after purchasing an additional 86,382 shares during the period.

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.