Spire Wealth Management Increases Stock Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Spire Wealth Management lifted its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 118.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,273 shares of the company’s stock after buying an additional 1,776 shares during the quarter. Spire Wealth Management’s holdings in ARK Innovation ETF were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ARKK. Global Trust Asset Management LLC grew its position in ARK Innovation ETF by 550.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after buying an additional 550 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in ARK Innovation ETF in the 3rd quarter valued at $76,000. Hobbs Group Advisors LLC purchased a new position in ARK Innovation ETF in the 3rd quarter valued at $86,000. Advisors Management Group Inc. ADV purchased a new position in ARK Innovation ETF in the 4th quarter valued at $224,000. Finally, SFG Wealth Management LLC. purchased a new position in ARK Innovation ETF in the 4th quarter valued at $224,000.

ARK Innovation ETF Trading Up 0.1 %

NYSEARCA:ARKK opened at $62.76 on Friday. The firm’s fifty day moving average price is $60.28 and its 200 day moving average price is $51.72. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $64.72.

About ARK Innovation ETF

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.