Meitav Investment House Ltd. Acquires New Shares in ARK Innovation ETF $ARKK

Meitav Investment House Ltd. bought a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,940 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ARKK. Capital Investment Advisors LLC grew its position in ARK Innovation ETF by 2.3% during the 1st quarter. Capital Investment Advisors LLC now owns 19,337 shares of the company’s stock worth $920,000 after purchasing an additional 426 shares during the last quarter. IMC Chicago LLC purchased a new stake in ARK Innovation ETF during the 1st quarter worth $8,592,000. Farther Finance Advisors LLC grew its stake in shares of ARK Innovation ETF by 10.2% during the first quarter. Farther Finance Advisors LLC now owns 14,917 shares of the company’s stock valued at $713,000 after acquiring an additional 1,376 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of ARK Innovation ETF by 21.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 16,626 shares of the company’s stock worth $791,000 after acquiring an additional 2,913 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of ARK Innovation ETF in the 1st quarter worth about $44,000.

ARK Innovation ETF Stock Performance

Shares of ARKK stock opened at $89.11 on Wednesday. ARK Innovation ETF has a 1 year low of $38.57 and a 1 year high of $91.76. The business’s fifty day moving average is $78.65 and its 200-day moving average is $65.72. The stock has a market cap of $8.58 billion, a PE ratio of 50.14 and a beta of 1.64.

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.