Patriot Financial Group Insurance Agency LLC Has $1.30 Million Stock Position in ARK Innovation ETF (NYSEARCA:ARKK)

Patriot Financial Group Insurance Agency LLC lifted its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,224 shares of the company’s stock after acquiring an additional 291 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in ARK Innovation ETF were worth $1,295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Horizon Wealth Management LLC boosted its stake in ARK Innovation ETF by 3.4% during the first quarter. Horizon Wealth Management LLC now owns 7,426 shares of the company’s stock worth $353,000 after buying an additional 243 shares in the last quarter. Moors & Cabot Inc. boosted its stake in ARK Innovation ETF by 1.3% during the fourth quarter. Moors & Cabot Inc. now owns 20,650 shares of the company’s stock worth $1,172,000 after buying an additional 263 shares in the last quarter. HBW Advisory Services LLC boosted its stake in ARK Innovation ETF by 2.2% during the first quarter. HBW Advisory Services LLC now owns 13,569 shares of the company’s stock worth $646,000 after buying an additional 295 shares in the last quarter. Arete Wealth Advisors LLC boosted its stake in ARK Innovation ETF by 1.8% during the fourth quarter. Arete Wealth Advisors LLC now owns 17,002 shares of the company’s stock worth $971,000 after buying an additional 297 shares in the last quarter. Finally, GoalVest Advisory LLC boosted its stake 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 buying an additional 300 shares in the last quarter.

ARK Innovation ETF Price Performance

ARKK opened at $61.13 on Monday. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43. The firm’s fifty day moving average price is $51.24 and its two-hundred day moving average price is $55.65. The company has a market capitalization of $5.99 billion, a P/E ratio of 36.42 and a beta of 1.92.

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.