Cambridge Investment Research Advisors Inc. Increases Stake in ARK Innovation ETF (ARKK)

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Cambridge Investment Research Advisors Inc. lifted its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 59.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,697 shares of the company’s stock after purchasing an additional 30,141 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in ARK Innovation ETF were worth $3,630,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Financial Advocates Investment Management lifted its position in shares of ARK Innovation ETF by 9.5% during the second quarter. Financial Advocates Investment Management now owns 14,115 shares of the company’s stock worth $644,000 after purchasing an additional 1,225 shares in the last quarter. IFP Advisors Inc lifted its position in shares of ARK Innovation ETF by 14.6% during the second quarter. IFP Advisors Inc now owns 88,716 shares of the company’s stock worth $3,990,000 after purchasing an additional 11,291 shares in the last quarter. Roof Eidam & Maycock ADV lifted its position in shares of ARK Innovation ETF by 48.3% during the second quarter. Roof Eidam & Maycock ADV now owns 8,018 shares of the company’s stock worth $361,000 after purchasing an additional 2,613 shares in the last quarter. Brookstone Capital Management lifted its position in shares of ARK Innovation ETF by 735.2% during the second quarter. Brookstone Capital Management now owns 44,075 shares of the company’s stock worth $1,982,000 after purchasing an additional 38,798 shares in the last quarter. Finally, REDW Stanley Financial Advisors LLC lifted its position in shares of ARK Innovation ETF by 11.6% during the second quarter. REDW Stanley Financial Advisors LLC now owns 29,773 shares of the company’s stock worth $1,339,000 after purchasing an additional 3,096 shares in the last quarter.

Shares of ARKK stock opened at $47.99 on Thursday. ARK Innovation ETF has a 1 year low of $33.16 and a 1 year high of $49.87.

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

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