Sumitomo Mitsui Trust Holdings Inc. Buys Shares of 27,800 ARK Innovation ETF (NYSEARCA:ARKK)

Sumitomo Mitsui Trust Holdings Inc. bought a new position in ARK Innovation ETF (NYSEARCA:ARKK) in the fourth quarter, Holdings Channel.com reports. The fund bought 27,800 shares of the company’s stock, valued at approximately $1,456,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARKK. International Assets Investment Management LLC bought a new position in shares of ARK Innovation ETF during the 4th quarter valued at about $93,781,000. Morgan Stanley lifted its position in shares of ARK Innovation ETF by 5.1% during the 3rd quarter. Morgan Stanley now owns 9,524,089 shares of the company’s stock valued at $377,821,000 after acquiring an additional 460,104 shares during the last quarter. Citigroup Inc. boosted its stake in shares of ARK Innovation ETF by 11.3% during the 3rd quarter. Citigroup Inc. now owns 3,227,469 shares of the company’s stock worth $128,034,000 after acquiring an additional 328,088 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of ARK Innovation ETF by 896.6% in the 3rd quarter. Corient Private Wealth LLC now owns 190,641 shares of the company’s stock worth $7,563,000 after acquiring an additional 171,511 shares during the last quarter. Finally, SMI Advisory Services LLC acquired a new stake in shares of ARK Innovation ETF during the fourth quarter worth $4,680,000.

ARK Innovation ETF Trading Up 0.1 %

NYSEARCA:ARKK opened at $43.90 on Thursday. The stock has a fifty day simple moving average of $48.44 and a 200 day simple moving average of $46.37. ARK Innovation ETF has a 1-year low of $33.76 and a 1-year high of $54.52.

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.