ARK Investment Management LLC Raises Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

ARK Investment Management LLC increased its position in ARK Innovation ETF (NYSEARCA:ARKK) by 54.2% in the 4th quarter, HoldingsChannel reports. The fund owned 33,330 shares of the company’s stock after purchasing an additional 11,710 shares during the period. ARK Investment Management LLC’s holdings in ARK Innovation ETF were worth $1,892,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC grew its stake in ARK Innovation ETF by 52.8% in the 4th quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock valued at $381,000 after buying an additional 2,316 shares in the last quarter. Caprock Group LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter valued at $293,000. SFG Wealth Management LLC. bought a new stake in shares of ARK Innovation ETF during the 4th quarter valued at $224,000. Empowered Funds LLC bought a new stake in shares of ARK Innovation ETF during the 4th quarter valued at $1,149,000. Finally, Savant Capital LLC purchased a new stake in ARK Innovation ETF during the 4th quarter worth about $203,000.

ARK Innovation ETF Stock Up 0.8 %

ARKK stock opened at $56.46 on Thursday. The stock has a 50-day simple moving average of $60.78 and a two-hundred day simple moving average of $53.63. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $68.43. The firm has a market capitalization of $5.87 billion, a PE ratio of 46.93 and a beta of 1.76.

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.