HighTower Advisors LLC Has $17.84 Million Stock Holdings in ARK Innovation ETF $ARKK

HighTower Advisors LLC raised its position in ARK Innovation ETF (NYSEARCA:ARKK) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206,717 shares of the company’s stock after acquiring an additional 9,714 shares during the period. HighTower Advisors LLC owned about 0.22% of ARK Innovation ETF worth $17,840,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Hanover Advisors Inc. increased its position in shares of ARK Innovation ETF by 9.1% during the third quarter. Hanover Advisors Inc. now owns 9,090 shares of the company’s stock valued at $784,000 after purchasing an additional 759 shares during the period. Savvy Advisors Inc. boosted its stake in ARK Innovation ETF by 42.1% during the third quarter. Savvy Advisors Inc. now owns 4,584 shares of the company’s stock worth $396,000 after buying an additional 1,357 shares in the last quarter. Cibc World Market Inc. increased its holdings in ARK Innovation ETF by 14.5% in the 3rd quarter. Cibc World Market Inc. now owns 32,602 shares of the company’s stock valued at $2,814,000 after buying an additional 4,141 shares during the period. Caprock Group LLC acquired a new position in shares of ARK Innovation ETF in the 3rd quarter valued at $409,000. Finally, Krilogy Financial LLC bought a new position in shares of ARK Innovation ETF during the 3rd quarter worth about $325,000.

ARK Innovation ETF Stock Performance

Shares of ARK Innovation ETF stock opened at $72.24 on Friday. The firm has a market cap of $6.62 billion, a P/E ratio of 50.14 and a beta of 1.96. The firm’s 50-day simple moving average is $77.48 and its 200-day simple moving average is $79.77. ARK Innovation ETF has a twelve month low of $38.57 and a twelve month high of $92.65.

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.