Reyes Financial Architecture Inc. Invests $4.47 Million in ARK Innovation ETF $ARKK

Reyes Financial Architecture Inc. acquired a new position in ARK Innovation ETF (NYSEARCA:ARKK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 51,809 shares of the company’s stock, valued at approximately $4,471,000. ARK Innovation ETF makes up about 3.0% of Reyes Financial Architecture Inc.’s investment portfolio, making the stock its 10th biggest position.

Several other hedge funds also recently added to or reduced their stakes in the business. Focus Partners Wealth raised its stake in ARK Innovation ETF by 74.2% in the first quarter. Focus Partners Wealth now owns 7,095 shares of the company’s stock valued at $338,000 after buying an additional 3,023 shares during the last quarter. World Investment Advisors purchased a new position in shares of ARK Innovation ETF in the 2nd quarter valued at approximately $239,000. Spire Wealth Management raised its position in shares of ARK Innovation ETF by 65.3% in the 2nd quarter. Spire Wealth Management now owns 2,414 shares of the company’s stock valued at $170,000 after purchasing an additional 954 shares during the last quarter. Milestone Asset Management LLC grew its position in ARK Innovation ETF by 7.4% during the 2nd quarter. Milestone Asset Management LLC now owns 4,530 shares of the company’s stock worth $318,000 after purchasing an additional 314 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in ARK Innovation ETF during the 2nd quarter valued at approximately $92,000.

ARK Innovation ETF Trading Up 3.7%

NYSEARCA ARKK opened at $74.93 on Thursday. ARK Innovation ETF has a 12-month low of $38.57 and a 12-month high of $92.65. The company has a fifty day simple moving average of $76.22 and a two-hundred day simple moving average of $79.64. The stock has a market cap of $6.87 billion, a P/E 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.