24,587 Shares in ARK Innovation ETF (NYSEARCA:ARKK) Purchased by KFG Wealth Management LLC

KFG Wealth Management LLC acquired a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,587 shares of the company’s stock, valued at approximately $1,170,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new stake in ARK Innovation ETF during the fourth quarter worth about $29,000. Murphy & Mullick Capital Management Corp acquired a new stake in ARK Innovation ETF during the fourth quarter worth about $38,000. GoalVest Advisory LLC increased its position in ARK Innovation ETF by 48.4% during the first quarter. GoalVest Advisory LLC now owns 920 shares of the company’s stock worth $44,000 after purchasing an additional 300 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of ARK Innovation ETF during the fourth quarter valued at about $59,000. Finally, Graney & King LLC acquired a new stake in shares of ARK Innovation ETF during the fourth quarter valued at about $61,000.

ARK Innovation ETF Price Performance

Shares of ARKK opened at $61.13 on Friday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43. The stock has a market cap of $5.99 billion, a PE ratio of 36.42 and a beta of 1.92. The firm has a 50-day simple moving average of $51.24 and a two-hundred day simple moving average of $55.64.

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.