Baird Financial Group Inc. Increases Stake in ARK Innovation ETF (ARKK)

Baird Financial Group Inc. grew its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 51.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 78,405 shares of the company’s stock after buying an additional 26,600 shares during the period. Baird Financial Group Inc. owned 0.29% of ARK Innovation ETF worth $3,527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARKK. Sanctuary Wealth Management L.L.C. purchased a new stake in ARK Innovation ETF during the 2nd quarter worth $9,177,000. LPL Financial LLC boosted its position in ARK Innovation ETF by 66.2% during the 1st quarter. LPL Financial LLC now owns 353,521 shares of the company’s stock worth $13,812,000 after purchasing an additional 140,840 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in ARK Innovation ETF by 24.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 487,032 shares of the company’s stock worth $21,907,000 after purchasing an additional 95,602 shares during the period. Royal Bank of Canada boosted its position in ARK Innovation ETF by 197.3% during the 1st quarter. Royal Bank of Canada now owns 107,136 shares of the company’s stock worth $4,186,000 after purchasing an additional 71,101 shares during the period. Finally, Carroll Financial Associates Inc. boosted its position in ARK Innovation ETF by 76.8% during the 2nd quarter. Carroll Financial Associates Inc. now owns 108,091 shares of the company’s stock worth $4,861,000 after purchasing an additional 46,954 shares during the period.

Shares of ARK Innovation ETF stock opened at $47.94 on Friday. ARK Innovation ETF has a twelve month low of $33.24 and a twelve month high of $49.87.

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Institutional Ownership by Quarter for ARK Innovation ETF (NYSEARCA:ARKK)

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