Wealthfront Advisers LLC Raises Holdings in ARK Innovation ETF $ARKK

Wealthfront Advisers LLC raised its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 5.9% during the third quarter, Holdings Channel.com reports. The firm owned 150,859 shares of the company’s stock after purchasing an additional 8,360 shares during the period. Wealthfront Advisers LLC’s holdings in ARK Innovation ETF were worth $13,019,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Orion Porfolio Solutions LLC increased its position in shares of ARK Innovation ETF by 8,291.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after purchasing an additional 1,590,149 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of ARK Innovation ETF by 17.1% during the third quarter. Commonwealth Equity Services LLC now owns 413,265 shares of the company’s stock valued at $35,665,000 after acquiring an additional 60,451 shares during the last quarter. Mission Wealth Management LP raised its stake in shares of ARK Innovation ETF by 3.1% in the 2nd quarter. Mission Wealth Management LP now owns 326,428 shares of the company’s stock valued at $22,945,000 after acquiring an additional 9,829 shares during the period. Venture Visionary Partners LLC lifted its holdings in shares of ARK Innovation ETF by 0.9% in the 3rd quarter. Venture Visionary Partners LLC now owns 287,094 shares of the company’s stock worth $24,776,000 after acquiring an additional 2,547 shares during the last quarter. Finally, Clear Street LLC purchased a new position in shares of ARK Innovation ETF during the 2nd quarter worth approximately $19,718,000.

ARK Innovation ETF Stock Performance

ARK Innovation ETF stock opened at $72.26 on Wednesday. The company has a market capitalization of $6.63 billion, a PE ratio of 50.14 and a beta of 1.96. ARK Innovation ETF has a fifty-two week low of $38.57 and a fifty-two week high of $92.65. The firm has a 50 day moving average price of $79.11 and a 200 day moving average price of $80.05.

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.