PRW Wealth Management LLC increased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 9.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 141,126 shares of the company’s stock after acquiring an additional 11,599 shares during the period. ARK Innovation ETF makes up about 7.4% of PRW Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. PRW Wealth Management LLC owned 0.39% of ARK Innovation ETF worth $6,052,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Assetmark Inc. raised its position in ARK Innovation ETF by 186.5% during the second quarter. Assetmark Inc. now owns 596 shares of the company’s stock worth $29,000 after acquiring an additional 388 shares during the period. Prestige Wealth Management Group LLC purchased a new stake in shares of ARK Innovation ETF during the second quarter worth about $30,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of ARK Innovation ETF during the second quarter worth about $36,000. Ruggie Capital Group purchased a new stake in shares of ARK Innovation ETF during the second quarter worth about $38,000. Finally, TRUE Private Wealth Advisors acquired a new position in shares of ARK Innovation ETF during the 2nd quarter worth about $39,000.
ARK Innovation ETF stock traded up $0.64 during midday trading on Friday, reaching $45.85. The company had a trading volume of 132,737 shares, compared to its average volume of 305,936. ARK Innovation ETF has a 12-month low of $34.75 and a 12-month high of $49.92. The firm’s fifty day simple moving average is $43.13 and its 200-day simple moving average is $44.88.
See Also: Leveraged Buyout (LBO)
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