Merit Financial Group LLC Boosts Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Merit Financial Group LLC lifted its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,990 shares of the company’s stock after purchasing an additional 815 shares during the period. Merit Financial Group LLC’s holdings in ARK Innovation ETF were worth $1,675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ARKK. Lindbrook Capital LLC lifted its holdings 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 buying an additional 310 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of ARK Innovation ETF by 103.3% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 738 shares of the company’s stock worth $29,000 after acquiring an additional 375 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in ARK Innovation ETF in the third quarter valued at about $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 valued at $33,000 after purchasing an additional 669 shares in the last quarter. Finally, Headinvest LLC purchased a new stake in ARK Innovation ETF during the 3rd quarter worth approximately $37,000.

ARK Innovation ETF Trading Up 1.2 %

ARK Innovation ETF stock opened at $45.47 on Friday. ARK Innovation ETF has a 52 week low of $33.76 and a 52 week high of $54.52. The stock has a 50 day moving average of $47.74 and a 200-day moving average of $46.63.

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.