Park Avenue Securities LLC Buys New Stake in ARK Innovation ETF $ARKK

Park Avenue Securities LLC purchased a new stake in shares of ARK Innovation ETF (BATS:ARKK) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,146 shares of the company’s stock, valued at approximately $637,000.

Other large investors have also added to or reduced their stakes in the company. Markowski Investments bought a new stake in ARK Innovation ETF in the second quarter worth about $26,000. NBH Bank bought a new position in shares of ARK Innovation ETF during the 2nd quarter worth $45,000. Whittier Trust Co. increased its holdings in ARK Innovation ETF by 666.7% in the 1st quarter. Whittier Trust Co. now owns 690 shares of the company’s stock worth $47,000 after acquiring an additional 600 shares during the last quarter. Mather Group LLC. purchased a new stake in ARK Innovation ETF in the 3rd quarter worth about $79,000. Finally, XP Advisory US Inc. purchased a new stake in ARK Innovation ETF during the second quarter valued at about $81,000.

ARK Innovation ETF Trading Down 9.0%

ARKK opened at $73.15 on Friday. The business’s 50-day moving average price is $85.70 and its 200-day moving average price is $78.31. ARK Innovation ETF has a 12 month low of $62.94 and a 12 month high of $94.82. The company has a market cap of $6.92 billion, a P/E ratio of 50.14 and a beta of 1.92.

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 issued by ARK.