Marshall Wace LLP Takes Position in ARK Innovation ETF (NYSEARCA:ARKK)

Marshall Wace LLP bought a new position in ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 41,559 shares of the company’s stock, valued at approximately $2,359,000.

A number of other large investors also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp purchased a new stake in shares of ARK Innovation ETF during the fourth quarter valued at approximately $38,000. Graney & King LLC purchased a new stake in ARK Innovation ETF during the 4th quarter valued at $61,000. Kestra Investment Management LLC bought a new stake in ARK Innovation ETF in the 4th quarter worth $68,000. Mainstream Capital Management LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter valued at about $99,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of ARK Innovation ETF during the fourth quarter valued at about $114,000.

ARK Innovation ETF Price Performance

NYSEARCA ARKK opened at $51.00 on Friday. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $68.43. The stock has a market capitalization of $5.51 billion, a PE ratio of 29.14 and a beta of 1.98. The business’s 50-day moving average is $49.92 and its 200 day moving average is $54.61.

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.