Arete Wealth Advisors LLC Acquires 297 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Arete Wealth Advisors LLC grew its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,002 shares of the company’s stock after acquiring an additional 297 shares during the period. Arete Wealth Advisors LLC’s holdings in ARK Innovation ETF were worth $971,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Murphy & Mullick Capital Management Corp acquired a new position in ARK Innovation ETF during the fourth quarter worth $38,000. Graney & King LLC bought a new position in shares of ARK Innovation ETF in the 4th quarter valued at approximately $61,000. Kestra Investment Management LLC acquired a new stake in ARK Innovation ETF in the 4th quarter worth approximately $68,000. Mainstream Capital Management LLC bought a new stake in ARK Innovation ETF during the fourth quarter worth approximately $99,000. Finally, Hobbs Group Advisors LLC acquired a new position in ARK Innovation ETF during the third quarter valued at approximately $86,000.

ARK Innovation ETF Stock Down 7.0 %

NYSEARCA:ARKK opened at $41.94 on Friday. The company’s 50 day moving average is $55.95 and its 200-day moving average is $54.74. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 28.92 and a beta of 1.98. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $68.43.

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.