Elevation Point Wealth Partners LLC Makes New $4.34 Million Investment in ARK Innovation ETF $ARKK

Elevation Point Wealth Partners LLC bought a new stake in ARK Innovation ETF (BATS:ARKK) in the first quarter, HoldingsChannel.com reports. The firm bought 64,159 shares of the company’s stock, valued at approximately $4,336,000.

A number of other institutional investors also recently modified their holdings of the business. Decker Retirement Planning Inc. increased its holdings in shares of ARK Innovation ETF by 38,300.0% during the first quarter. Decker Retirement Planning Inc. now owns 384 shares of the company’s stock worth $26,000 after purchasing an additional 383 shares during the period. TD Capital Management LLC bought a new stake in shares of ARK Innovation ETF in the fourth quarter valued at approximately $30,000. Wealth Watch Advisors INC acquired a new stake in ARK Innovation ETF during the third quarter worth approximately $32,000. Riggs Asset Managment Co. Inc. increased its stake 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. Finally, Russell Investments Group Ltd. increased its stake in ARK Innovation ETF by 85.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock worth $36,000 after acquiring an additional 192 shares during the period.

ARK Innovation ETF Price Performance

Shares of BATS ARKK opened at $81.25 on Friday. The stock has a market capitalization of $7.69 billion, a PE ratio of 50.14 and a beta of 1.92. The business has a fifty day moving average price of $77.75 and a two-hundred day moving average price of $75.89. ARK Innovation ETF has a fifty-two week low of $62.94 and a fifty-two week high of $92.65.

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.