Whitnell & Co. increased its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 262.5% in the 1st quarter, HoldingsChannel reports. The fund owned 30,225 shares of the company’s stock after acquiring an additional 21,888 shares during the period. Whitnell & Co.’s holdings in ARK Innovation ETF were worth $1,412,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ARKK. Morgan Stanley boosted its holdings in shares of ARK Innovation ETF by 28.1% in the third quarter. Morgan Stanley now owns 2,806,358 shares of the company’s stock valued at $132,852,000 after acquiring an additional 615,988 shares in the last quarter. Raymond James & Associates boosted its holdings in ARK Innovation ETF by 35.8% during the fourth quarter. Raymond James & Associates now owns 1,286,381 shares of the company’s stock worth $47,840,000 after buying an additional 338,962 shares in the last quarter. PRW Wealth Management LLC bought a new stake in ARK Innovation ETF during the fourth quarter worth approximately $5,832,000. Biltmore Capital Advisors LLC bought a new stake in ARK Innovation ETF during the fourth quarter worth approximately $1,155,000. Finally, Carroll Financial Associates Inc. boosted its holdings in ARK Innovation ETF by 81.7% during the fourth quarter. Carroll Financial Associates Inc. now owns 201,789 shares of the company’s stock worth $8,091,000 after buying an additional 90,730 shares in the last quarter.
NYSEARCA:ARKK traded down $0.24 during trading hours on Wednesday, reaching $48.19. 2,208 shares of the company’s stock were exchanged, compared to its average volume of 351,778. ARK Innovation ETF has a 12 month low of $34.75 and a 12 month high of $49.87.
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