Prudent Investors Network Inc. Acquires Shares of 5,687 ARK Innovation ETF (NYSEARCA:ARKK)

Prudent Investors Network Inc. bought a new position in ARK Innovation ETF (NYSEARCA:ARKK) during the 1st quarter, HoldingsChannel reports. The fund bought 5,687 shares of the company’s stock, valued at approximately $285,000.

A number of other institutional investors have also recently made changes to their positions in ARKK. Quadrature Capital Ltd lifted its position in ARK Innovation ETF by 1,036.7% in the 1st quarter. Quadrature Capital Ltd now owns 103,963 shares of the company’s stock valued at $5,202,000 after acquiring an additional 94,817 shares in the last quarter. Elevatus Welath Management bought a new position in shares of ARK Innovation ETF during the first quarter valued at $383,000. Banco Santander S.A. boosted its position in shares of ARK Innovation ETF by 8.5% during the first quarter. Banco Santander S.A. now owns 16,516 shares of the company’s stock valued at $827,000 after buying an additional 1,290 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in shares of ARK Innovation ETF by 1.5% during the first quarter. HBK Sorce Advisory LLC now owns 17,899 shares of the company’s stock valued at $896,000 after buying an additional 260 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in ARK Innovation ETF by 2.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 57,825 shares of the company’s stock worth $2,896,000 after buying an additional 1,498 shares in the last quarter.

ARK Innovation ETF Price Performance

ARKK traded down $1.01 during midday trading on Tuesday, hitting $44.92. 6,223,239 shares of the company traded hands, compared to its average volume of 11,942,585. The company’s 50-day moving average is $44.89 and its 200 day moving average is $46.48. ARK Innovation ETF has a 52 week low of $33.76 and a 52 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.