Sanders Morris Harris LLC Purchases Shares of 15,583 ARK Innovation ETF (NYSEARCA:ARKK)

Sanders Morris Harris LLC purchased a new stake in ARK Innovation ETF (NYSEARCA:ARKK) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,583 shares of the company’s stock, valued at approximately $780,000.

A number of other large investors have also recently bought and sold shares of the stock. Morgan Stanley grew its position in ARK Innovation ETF by 5.1% in the third quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock valued at $377,821,000 after acquiring an additional 460,104 shares during the period. LPL Financial LLC grew its position in ARK Innovation ETF by 2.5% in the third quarter. LPL Financial LLC now owns 3,631,858 shares of the company’s stock valued at $144,076,000 after acquiring an additional 89,000 shares during the period. Citigroup Inc. grew its position in ARK Innovation ETF by 11.3% in the third quarter. Citigroup Inc. now owns 3,227,469 shares of the company’s stock valued at $128,034,000 after acquiring an additional 328,088 shares during the period. International Assets Investment Management LLC bought a new stake in ARK Innovation ETF in the fourth quarter valued at $93,781,000. Finally, Raymond James & Associates grew its position in ARK Innovation ETF by 5.8% in the fourth quarter. Raymond James & Associates now owns 951,484 shares of the company’s stock valued at $49,829,000 after acquiring an additional 52,574 shares during the period.

ARK Innovation ETF Price Performance

ARK Innovation ETF stock traded down $0.05 on Friday, reaching $43.32. The company’s stock had a trading volume of 5,174,976 shares, compared to its average volume of 12,772,355. The business’s fifty day moving average price is $44.11 and its 200 day moving average price is $47.43. ARK Innovation ETF has a twelve month low of $33.76 and a twelve month 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.