Bright Futures Wealth Management LLC. Makes New Investment in ARK Innovation ETF (NYSEARCA:ARKK)

Bright Futures Wealth Management LLC. acquired a new position in ARK Innovation ETF (NYSEARCA:ARKK) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,751 shares of the company’s stock, valued at approximately $438,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in ARK Innovation ETF in the 4th quarter worth approximately $26,000. Westside Investment Management Inc. lifted its stake in shares of ARK Innovation ETF by 107.1% during the first quarter. Westside Investment Management Inc. now owns 580 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the period. GoalVest Advisory LLC grew its holdings in shares of ARK Innovation ETF by 124.8% during the first quarter. GoalVest Advisory LLC now owns 670 shares of the company’s stock valued at $34,000 after buying an additional 372 shares during the last quarter. Mather Group LLC. acquired a new position in shares of ARK Innovation ETF in the 1st quarter valued at $38,000. Finally, Consultiva Wealth Management CORP. purchased a new position in ARK Innovation ETF in the 1st quarter worth $42,000.

ARK Innovation ETF Stock Down 4.6 %

Shares of ARKK stock traded down $2.00 during trading hours on Friday, hitting $41.21. The company’s stock had a trading volume of 14,706,074 shares, compared to its average volume of 11,944,337. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52. The company has a 50 day moving average of $44.83 and a 200 day moving average of $46.41.

ARK Innovation ETF 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.