Sage Investment Advisers LLC Takes $200,000 Position in ARK Innovation ETF (NYSEARCA:ARKK)

Sage Investment Advisers LLC bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,827 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC purchased a new stake in ARK Innovation ETF during the 4th quarter valued at approximately $286,000. Wealthcare Advisory Partners LLC grew its position in ARK Innovation ETF by 13.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 12,742 shares of the company’s stock valued at $667,000 after buying an additional 1,517 shares during the last quarter. Clearstead Trust LLC increased its stake in ARK Innovation ETF by 37.6% in the 4th quarter. Clearstead Trust LLC now owns 6,776 shares of the company’s stock valued at $355,000 after buying an additional 1,850 shares during the period. NavPoint Financial Inc. purchased a new position in ARK Innovation ETF during the 4th quarter worth $497,000. Finally, Avidian Wealth Solutions LLC lifted its stake in shares of ARK Innovation ETF by 11.5% in the 4th quarter. Avidian Wealth Solutions LLC now owns 12,310 shares of the company’s stock worth $645,000 after acquiring an additional 1,268 shares during the period.

ARK Innovation ETF Price Performance

ARK Innovation ETF stock traded down $1.12 during midday trading on Wednesday, reaching $44.43. The company’s stock had a trading volume of 9,566,516 shares, compared to its average volume of 13,997,319. ARK Innovation ETF has a fifty-two week low of $33.76 and a fifty-two week high of $54.52. The stock’s 50 day simple moving average is $47.55 and its 200 day simple moving average is $46.83.

ARK Innovation ETF Company Profile

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.