ARK Investment Management LLC Buys 11,710 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

ARK Investment Management LLC lifted its position in ARK Innovation ETF (NYSEARCA:ARKK) by 54.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,330 shares of the company’s stock after acquiring an additional 11,710 shares during the quarter. ARK Investment Management LLC’s holdings in ARK Innovation ETF were worth $1,892,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ARKK. Kestra Investment Management LLC purchased a new stake in shares of ARK Innovation ETF during the fourth quarter valued at approximately $68,000. Brown Brothers Harriman & Co. bought a new position in ARK Innovation ETF in the 3rd quarter valued at $76,000. Hobbs Group Advisors LLC purchased a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at $86,000. Bank of Jackson Hole Trust bought a new stake in shares of ARK Innovation ETF during the 4th quarter worth $114,000. Finally, Global Trust Asset Management LLC boosted its holdings in shares of ARK Innovation ETF by 221.5% in the 4th quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock worth $119,000 after buying an additional 1,440 shares during the last quarter.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK opened at $56.46 on Thursday. The company has a market capitalization of $5.87 billion, a PE ratio of 46.93 and a beta of 1.76. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43. The company has a 50-day simple moving average of $60.78 and a 200 day simple moving average of $53.63.

ARK Innovation ETF 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.