Transcend Capital Advisors LLC Invests $202,000 in ARK Innovation ETF (NYSEARCA:ARKK)

Transcend Capital Advisors LLC purchased a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,564 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ARKK. Total Investment Management Inc. raised its stake in shares of ARK Innovation ETF by 16.9% during the third quarter. Total Investment Management Inc. now owns 1,338,632 shares of the company’s stock worth $63,625,000 after buying an additional 193,251 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of ARK Innovation ETF in the 4th quarter valued at $514,000. Ascension Capital Advisors Inc. grew its stake in shares of ARK Innovation ETF by 32.0% during the third quarter. Ascension Capital Advisors Inc. now owns 356,194 shares of the company’s stock worth $16,930,000 after purchasing an additional 86,382 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in ARK Innovation ETF in the third quarter valued at about $6,545,000. Finally, SG Americas Securities LLC lifted its stake in ARK Innovation ETF by 4.8% in the fourth quarter. SG Americas Securities LLC now owns 112,267 shares of the company’s stock valued at $6,373,000 after buying an additional 5,191 shares during the period.

ARK Innovation ETF Trading Down 1.9 %

Shares of NYSEARCA:ARKK opened at $59.08 on Tuesday. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43. The firm’s 50 day simple moving average is $61.04 and its 200 day simple moving average is $53.39.

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.