NavPoint Financial Inc. Acquires New Stake in ARK Innovation ETF (NYSEARCA:ARKK)

NavPoint Financial Inc. bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,487 shares of the company’s stock, valued at approximately $497,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lindbrook Capital LLC boosted its position in shares of ARK Innovation ETF by 77.5% during the 3rd quarter. Lindbrook Capital LLC now owns 710 shares of the company’s stock worth $28,000 after acquiring an additional 310 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its position in shares of ARK Innovation ETF by 103.3% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 738 shares of the company’s stock worth $29,000 after acquiring an additional 375 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of ARK Innovation ETF during the 3rd quarter worth about $31,000. Annapolis Financial Services LLC boosted its position 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 in the last quarter. Finally, Headinvest LLC acquired a new position in shares of ARK Innovation ETF during the 3rd quarter worth about $37,000.

ARK Innovation ETF Trading Up 1.2 %

Shares of NYSEARCA:ARKK traded up $0.54 on Friday, hitting $45.47. 12,656,484 shares of the company’s stock were exchanged, compared to its average volume of 14,186,380. The firm’s 50-day moving average is $47.80 and its 200 day moving average is $46.53. ARK Innovation ETF has a 1-year low of $33.76 and a 1-year 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.