ARK Innovation ETF (NYSEARCA:ARKK) Stock Position Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 10.8% in the third quarter, HoldingsChannel reports. The firm owned 30,800 shares of the company’s stock after acquiring an additional 3,000 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in ARK Innovation ETF were worth $1,464,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in ARK Innovation ETF by 5,773.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock valued at $755,420,000 after buying an additional 1,562,287 shares during the period. Blue Trust Inc. raised its holdings in ARK Innovation ETF by 3.4% during the third quarter. Blue Trust Inc. now owns 1,514,863 shares of the company’s stock worth $66,578,000 after purchasing an additional 50,251 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in ARK Innovation ETF by 120.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock worth $62,177,000 after purchasing an additional 774,315 shares during the period. Granite Bay Wealth Management LLC boosted its stake in ARK Innovation ETF by 3,969.2% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock valued at $62,559,000 after purchasing an additional 1,357,875 shares in the last quarter. Finally, Total Investment Management Inc. increased its position in shares of ARK Innovation ETF by 1.3% during the 2nd quarter. Total Investment Management Inc. now owns 1,145,381 shares of the company’s stock valued at $50,339,000 after purchasing an additional 15,222 shares during the period.

ARK Innovation ETF Stock Performance

Shares of ARK Innovation ETF stock opened at $55.92 on Wednesday. The business has a fifty day simple moving average of $48.15 and a 200-day simple moving average of $45.71. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $58.38.

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.