Wetzel Investment Advisors Inc. Makes New Investment in ARK Innovation ETF (NYSEARCA:ARKK)

Wetzel Investment Advisors Inc. purchased a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,677 shares of the company’s stock, valued at approximately $193,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Naples Money Management LLC purchased a new stake in shares of ARK Innovation ETF in the fourth quarter valued at about $85,000. Western Wealth Management LLC raised its holdings in ARK Innovation ETF by 8.3% during the fourth quarter. Western Wealth Management LLC now owns 15,148 shares of the company’s stock worth $793,000 after purchasing an additional 1,155 shares in the last quarter. Oliver Lagore Vanvalin Investment Group raised its holdings in ARK Innovation ETF by 2,055.7% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 15,909 shares of the company’s stock worth $833,000 after purchasing an additional 15,171 shares in the last quarter. TRUE Private Wealth Advisors raised its holdings in ARK Innovation ETF by 192.8% during the fourth quarter. TRUE Private Wealth Advisors now owns 69,703 shares of the company’s stock worth $3,650,000 after purchasing an additional 45,895 shares in the last quarter. Finally, Scissortail Wealth Management LLC acquired a new position in ARK Innovation ETF during the fourth quarter worth about $311,000.

ARK Innovation ETF Trading Down 2.1 %

ARKK traded down $0.91 on Friday, hitting $42.00. 14,695,002 shares of the company were exchanged, compared to its average volume of 14,407,366. The business’s fifty day moving average is $48.81 and its 200 day moving average is $46.22. ARK Innovation ETF has a fifty-two week low of $33.76 and a fifty-two week high of $54.52.

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.