ARK Innovation ETF (NYSEARCA:ARKK) Position Raised by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in ARK Innovation ETF (NYSEARCA:ARKK) by 208.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,137 shares of the company’s stock after acquiring an additional 22,411 shares during the period. Jones Financial Companies Lllp’s holdings in ARK Innovation ETF were worth $1,881,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of ARK Innovation ETF during the fourth quarter valued at approximately $68,000. Brown Brothers Harriman & Co. acquired a new position in ARK Innovation ETF during the 3rd quarter worth $76,000. Hobbs Group Advisors LLC bought a new position in shares of ARK Innovation ETF in the third quarter worth $86,000. Bank of Jackson Hole Trust acquired a new position in shares of ARK Innovation ETF during the fourth quarter valued at $114,000. Finally, Global Trust Asset Management LLC lifted its holdings in ARK Innovation ETF by 221.5% in the fourth quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock worth $119,000 after purchasing an additional 1,440 shares during the period.

ARK Innovation ETF Stock Down 4.7 %

Shares of ARKK opened at $52.14 on Friday. The firm has a market capitalization of $5.43 billion, a PE ratio of 46.93 and a beta of 1.76. The firm has a 50-day moving average price of $60.05 and a 200 day moving average price of $54.03. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43.

About ARK Innovation ETF

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.