ARK Innovation ETF (NYSEARCA:ARKK) Shares Purchased by Richardson Capital Management LLC

Richardson Capital Management LLC increased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 910.0% in the 4th quarter, HoldingsChannel reports. The firm owned 8,090 shares of the company’s stock after acquiring an additional 7,289 shares during the quarter. ARK Innovation ETF makes up approximately 0.3% of Richardson Capital Management LLC’s holdings, making the stock its 16th largest holding. Richardson Capital Management LLC’s holdings in ARK Innovation ETF were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Apollon Wealth Management LLC raised its stake in shares of ARK Innovation ETF by 52.8% during the 4th quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock valued at $381,000 after buying an additional 2,316 shares during the last quarter. Caprock Group LLC purchased a new position in ARK Innovation ETF during the fourth quarter valued at approximately $293,000. SFG Wealth Management LLC. acquired a new position in ARK Innovation ETF in the fourth quarter valued at approximately $224,000. Barclays PLC lifted its holdings in ARK Innovation ETF by 100.6% in the third quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after acquiring an additional 32,679 shares during the period. Finally, Empowered Funds LLC purchased a new stake in ARK Innovation ETF in the 4th quarter worth approximately $1,149,000.

ARK Innovation ETF Stock Down 5.9 %

NYSEARCA:ARKK opened at $60.20 on Friday. The company has a 50 day moving average price of $61.04 and a 200-day moving average price of $53.20. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43.

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.