Tidemark LLC Takes Position in ARK Innovation ETF (NYSEARCA:ARKK)

Tidemark LLC bought a new position in ARK Innovation ETF (NYSEARCA:ARKK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,756 shares of the company’s stock, valued at approximately $144,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARKK. International Assets Investment Management LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter worth about $93,781,000. Simplex Trading LLC acquired a new position in ARK Innovation ETF in the 4th quarter worth approximately $29,351,000. Morgan Stanley raised its position in ARK Innovation ETF by 5.1% during the 3rd quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock worth $377,821,000 after buying an additional 460,104 shares during the last quarter. Citigroup Inc. lifted its stake in ARK Innovation ETF by 11.3% during the 3rd 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. Finally, Corient Private Wealth LLC boosted its holdings in shares of ARK Innovation ETF by 896.6% in the 3rd quarter. Corient Private Wealth LLC now owns 190,641 shares of the company’s stock valued at $7,563,000 after acquiring an additional 171,511 shares during the last quarter.

ARK Innovation ETF Stock Down 1.5 %

Shares of NYSEARCA:ARKK traded down $0.68 during midday trading on Thursday, reaching $44.31. The company’s stock had a trading volume of 6,453,859 shares, compared to its average volume of 13,638,828. The stock has a fifty day moving average of $46.31 and a 200 day moving average of $47.43. ARK Innovation ETF has a twelve month low of $33.76 and a twelve month high of $54.52.

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.