Beacon Financial Advisory LLC Buys 596 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Beacon Financial Advisory LLC raised its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,156 shares of the company’s stock after buying an additional 596 shares during the quarter. Beacon Financial Advisory LLC’s holdings in ARK Innovation ETF were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARKK. Global Trust Asset Management LLC raised its position in shares of ARK Innovation ETF by 550.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after acquiring an additional 550 shares during the period. Brown Brothers Harriman & Co. acquired a new position in ARK Innovation ETF in the third quarter valued at about $76,000. Hobbs Group Advisors LLC acquired a new position in shares of ARK Innovation ETF in the 3rd quarter valued at approximately $86,000. Spire Wealth Management increased its stake in ARK Innovation ETF by 118.6% during the 4th quarter. Spire Wealth Management now owns 3,273 shares of the company’s stock worth $186,000 after purchasing an additional 1,776 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in ARK Innovation ETF during the 3rd quarter worth approximately $202,000.

ARK Innovation ETF Trading Down 1.7 %

ARK Innovation ETF stock opened at $62.72 on Friday. The company has a 50 day moving average of $60.17 and a 200-day moving average of $51.64. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $64.72.

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.