Headlands Technologies LLC Acquires New Holdings in ARK Innovation ETF $ARKK

Headlands Technologies LLC bought a new stake in shares of ARK Innovation ETF (BATS:ARKK) in the second quarter, Holdings Channel.com reports. The firm bought 6,759 shares of the company’s stock, valued at approximately $546,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth boosted its position in shares of ARK Innovation ETF by 74.2% during the first quarter. Focus Partners Wealth now owns 7,095 shares of the company’s stock worth $338,000 after buying an additional 3,023 shares during the period. Franklin Resources Inc. acquired a new stake in ARK Innovation ETF in the 2nd quarter valued at approximately $117,000. Qube Research & Technologies Ltd increased its position in ARK Innovation ETF by 15.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 120,468 shares of the company’s stock valued at $8,468,000 after acquiring an additional 16,052 shares during the period. Quantinno Capital Management LP bought a new stake in ARK Innovation ETF during the 2nd quarter valued at $450,000. Finally, Ausdal Financial Partners Inc. raised its stake in ARK Innovation ETF by 34.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 22,403 shares of the company’s stock valued at $1,575,000 after acquiring an additional 5,769 shares in the last quarter.

ARK Innovation ETF Stock Performance

Shares of ARKK stock opened at $83.39 on Thursday. ARK Innovation ETF has a 1 year low of $62.94 and a 1 year high of $92.65. The stock has a fifty day moving average of $79.44 and a two-hundred day moving average of $76.16. The firm has a market capitalization of $7.89 billion, a PE ratio of 50.14 and a beta of 1.92.

About ARK Innovation ETF

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 issued by ARK.