Axxcess Wealth Management LLC Raises Holdings in ARK Innovation ETF $ARKK

Axxcess Wealth Management LLC increased its position in ARK Innovation ETF (NYSEARCA:ARKK) by 11.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 67,826 shares of the company’s stock after purchasing an additional 7,105 shares during the period. Axxcess Wealth Management LLC owned 0.07% of ARK Innovation ETF worth $5,853,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Addison Advisors LLC purchased a new position in shares of ARK Innovation ETF during the third quarter worth about $28,000. Bessemer Group Inc. raised its stake in ARK Innovation ETF by 4,955.6% during the 3rd quarter. Bessemer Group Inc. now owns 455 shares of the company’s stock valued at $39,000 after acquiring an additional 446 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its position in ARK Innovation ETF by 1,635.7% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock worth $34,000 after acquiring an additional 458 shares during the period. Mather Group LLC. purchased a new position in shares of ARK Innovation ETF in the 3rd quarter valued at approximately $62,000. Finally, Kilter Group LLC purchased a new position in shares of ARK Innovation ETF in the 2nd quarter valued at approximately $75,000.

ARK Innovation ETF Price Performance

NYSEARCA:ARKK opened at $71.39 on Thursday. The firm’s fifty day moving average price is $77.68 and its 200 day moving average price is $79.82. ARK Innovation ETF has a 1-year low of $38.57 and a 1-year high of $92.65. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96.

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.