Madison Park Capital Advisors LLC Takes $2.41 Million Position in ARK Innovation ETF (NYSEARCA:ARKK)

Madison Park Capital Advisors LLC purchased a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 45,992 shares of the company’s stock, valued at approximately $2,409,000. ARK Innovation ETF makes up about 2.3% of Madison Park Capital Advisors LLC’s investment portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Clear Creek Financial Management LLC grew its stake in 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 valued at $735,000 after buying an additional 229 shares during the last quarter. Signaturefd LLC grew its position in ARK Innovation ETF by 3.5% in the 3rd quarter. Signaturefd LLC now owns 7,496 shares of the company’s stock worth $297,000 after purchasing an additional 255 shares during the last quarter. Private Trust Co. NA grew its position in ARK Innovation ETF by 8.0% in the 3rd quarter. Private Trust Co. NA now owns 3,679 shares of the company’s stock worth $146,000 after purchasing an additional 271 shares during the last quarter. Diligent Investors LLC grew its position in ARK Innovation ETF by 3.5% in the 4th quarter. Diligent Investors LLC now owns 9,052 shares of the company’s stock worth $474,000 after purchasing an additional 305 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in ARK Innovation ETF by 77.5% in the 3rd quarter. Lindbrook Capital LLC now owns 710 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares during the last quarter.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK traded up $1.26 during midday trading on Tuesday, hitting $43.86. The company had a trading volume of 16,424,936 shares, compared to its average volume of 14,421,541. The firm has a fifty day simple moving average of $48.57 and a two-hundred day simple moving average of $46.39. ARK Innovation ETF has a fifty-two week low of $33.76 and a fifty-two week 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.