Kovack Advisors Inc. Grows Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Kovack Advisors Inc. grew its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 63.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,305 shares of the company’s stock after acquiring an additional 7,127 shares during the quarter. Kovack Advisors Inc.’s holdings in ARK Innovation ETF were worth $959,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC grew its stake in ARK Innovation ETF by 77.5% during the 3rd quarter. Lindbrook Capital LLC now owns 710 shares of the company’s stock worth $28,000 after buying an additional 310 shares during the last quarter. Oliver Lagore Vanvalin Investment Group grew its stake in ARK Innovation ETF by 103.3% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 738 shares of the company’s stock worth $29,000 after buying an additional 375 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new position in ARK Innovation ETF during the 3rd quarter worth approximately $31,000. Annapolis Financial Services LLC grew its stake in ARK Innovation ETF by 395.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 838 shares of the company’s stock worth $33,000 after buying an additional 669 shares during the last quarter. Finally, Headinvest LLC purchased a new position in ARK Innovation ETF during the 3rd quarter worth approximately $37,000.

ARK Innovation ETF Trading Up 1.1 %

NYSEARCA:ARKK traded up $0.46 during mid-day trading on Friday, reaching $44.07. 9,101,150 shares of the stock were exchanged, compared to its average volume of 14,267,461. The company has a 50 day simple moving average of $48.15 and a 200-day simple moving average of $46.39. ARK Innovation ETF has a 1 year low of $33.76 and a 1 year 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.