ARK Israel Innovative Technology ETF (BATS:IZRL) Stock Price Up 0.9% – Still a Buy?

ARK Israel Innovative Technology ETF (BATS:IZRL) rose 0.9% during trading on Friday . The company traded as high as $20.08 and last traded at $20.05. Approximately 5,596 shares changed hands during mid-day trading, The stock had previously closed at $19.88.

ARK Israel Innovative Technology ETF Stock Performance

The stock has a market capitalization of $102.26 million, a PE ratio of 18.86 and a beta of 1.16. The stock’s 50-day moving average is $19.50 and its 200 day moving average is $19.75.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ARK Israel Innovative Technology ETF stock. Main Management ETF Advisors LLC grew its position in ARK Israel Innovative Technology ETF (BATS:IZRL) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 298,110 shares of the company’s stock after acquiring an additional 5,700 shares during the period. Main Management ETF Advisors LLC owned about 5.85% of ARK Israel Innovative Technology ETF worth $5,941,000 at the end of the most recent quarter.

About ARK Israel Innovative Technology ETF

The ARK Israel Innovative Technology ETF (IZRL) is an exchange-traded fund that is based on the ARK Israeli Innovation (USD)(TR) index. The fund tracks an equally weighted index of Israeli companies causing advancements in the areas of genomics, health care, biotechnology, industrials, manufacturing, and IT.