Cwm LLC Has $10.31 Million Position in ARK Innovation ETF $ARKK

Cwm LLC raised its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 14.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,719 shares of the company’s stock after purchasing an additional 18,449 shares during the period. Cwm LLC owned 0.15% of ARK Innovation ETF worth $10,313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fiduciary Alliance LLC increased its holdings in shares of ARK Innovation ETF by 2.9% in the second quarter. Fiduciary Alliance LLC now owns 6,459 shares of the company’s stock valued at $454,000 after purchasing an additional 180 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of ARK Innovation ETF by 4.2% in the second quarter. AdvisorNet Financial Inc now owns 4,618 shares of the company’s stock valued at $325,000 after acquiring an additional 187 shares in the last quarter. Principal Securities Inc. grew its stake in shares of ARK Innovation ETF by 3.9% in the first quarter. Principal Securities Inc. now owns 6,629 shares of the company’s stock valued at $315,000 after acquiring an additional 250 shares in the last quarter. Post Resch Tallon Group Inc. grew its stake in shares of ARK Innovation ETF by 0.8% in the first quarter. Post Resch Tallon Group Inc. now owns 32,648 shares of the company’s stock valued at $1,544,000 after acquiring an additional 251 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of ARK Innovation ETF by 2.4% in the first quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock valued at $675,000 after acquiring an additional 334 shares in the last quarter.

ARK Innovation ETF Stock Performance

ARKK stock opened at $86.86 on Wednesday. The company’s 50-day simple moving average is $80.19 and its 200 day simple moving average is $67.01. ARK Innovation ETF has a 52 week low of $38.57 and a 52 week high of $92.65. The company has a market capitalization of $8.30 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.