Rikoon Group LLC Invests $266,000 in ARK Innovation ETF (NYSEARCA:ARKK)

Rikoon Group LLC bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,537 shares of the company’s stock, valued at approximately $266,000.

Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new stake in ARK Innovation ETF during the first quarter valued at approximately $1,131,000. Great Valley Advisor Group Inc. increased its stake in shares of ARK Innovation ETF by 7.3% during the 1st quarter. Great Valley Advisor Group Inc. now owns 27,686 shares of the company’s stock worth $1,294,000 after purchasing an additional 1,884 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. increased its stake in shares of ARK Innovation ETF by 84.0% during the 1st quarter. Strategic Family Wealth Counselors L.L.C. now owns 61,926 shares of the company’s stock worth $2,894,000 after purchasing an additional 28,262 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of ARK Innovation ETF during the 1st quarter worth approximately $328,000. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of ARK Innovation ETF by 1,715.2% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 83,317 shares of the company’s stock worth $3,893,000 after purchasing an additional 78,727 shares in the last quarter.

Shares of ARKK traded down $1.48 during mid-day trading on Friday, reaching $43.51. 243,563 shares of the company’s stock were exchanged, compared to its average volume of 329,179. The company has a 50-day simple moving average of $46.95 and a two-hundred day simple moving average of $45.94. ARK Innovation ETF has a 52-week low of $34.75 and a 52-week high of $49.92.

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Institutional Ownership by Quarter for ARK Innovation ETF (NYSEARCA:ARKK)

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