Navis Wealth Advisors LLC Buys 3,027 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Navis Wealth Advisors LLC raised its position in ARK Innovation ETF (NYSEARCA:ARKK) by 25.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,970 shares of the company’s stock after acquiring an additional 3,027 shares during the quarter. ARK Innovation ETF makes up 1.0% of Navis Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest position. Navis Wealth Advisors LLC’s holdings in ARK Innovation ETF were worth $784,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Lindbrook Capital LLC increased its stake in shares of ARK Innovation ETF by 77.5% during the third quarter. Lindbrook Capital LLC now owns 710 shares of the company’s stock valued at $28,000 after purchasing an additional 310 shares in the last quarter. Oliver Lagore Vanvalin Investment Group increased its position in ARK Innovation ETF by 103.3% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 738 shares of the company’s stock valued at $29,000 after acquiring an additional 375 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at about $31,000. Annapolis Financial Services LLC boosted its stake in shares of ARK Innovation ETF by 395.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 838 shares of the company’s stock worth $33,000 after acquiring an additional 669 shares during the last quarter. Finally, Headinvest LLC bought a new position in ARK Innovation ETF in the 3rd quarter worth $37,000.

ARK Innovation ETF Stock Up 1.1 %

Shares of ARKK stock traded up $0.46 during trading hours on Friday, reaching $44.07. 9,101,150 shares of the company traded hands, compared to its average volume of 14,267,461. The firm has a 50-day moving average price of $48.15 and a 200 day moving average price of $46.43. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52.

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.