Essex Financial Services Inc. Invests $220,000 in ARK Innovation ETF (NYSEARCA:ARKK)

Essex Financial Services Inc. purchased a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,875 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also bought and sold shares of ARKK. Global Trust Asset Management LLC boosted its stake in shares of ARK Innovation ETF by 550.0% during the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after purchasing an additional 550 shares during the period. Brown Brothers Harriman & Co. bought a new stake in ARK Innovation ETF during the 3rd quarter valued at $76,000. Hobbs Group Advisors LLC purchased a new stake in ARK Innovation ETF during the 3rd quarter valued at $86,000. Elevation Wealth Partners LLC bought a new stake in ARK Innovation ETF in the 4th quarter worth $125,000. Finally, Spire Wealth Management increased its position in shares of ARK Innovation ETF by 118.6% in the fourth quarter. Spire Wealth Management now owns 3,273 shares of the company’s stock valued at $186,000 after acquiring an additional 1,776 shares during the period.

ARK Innovation ETF Stock Up 3.4 %

Shares of NYSEARCA:ARKK opened at $64.78 on Friday. The company has a 50-day moving average price of $60.52 and a 200-day moving average price of $52.21. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $64.78.

ARK Innovation ETF Company 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.