Beacon Financial Advisory LLC Increases Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Beacon Financial Advisory LLC grew its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 15.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,455 shares of the company’s stock after acquiring an additional 1,299 shares during the period. Beacon Financial Advisory LLC’s holdings in ARK Innovation ETF were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in ARKK. Bellwether Advisors LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter valued at about $29,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of ARK Innovation ETF in the fourth quarter valued at about $38,000. GoalVest Advisory LLC lifted its position in shares of ARK Innovation ETF by 48.4% in the first quarter. GoalVest Advisory LLC now owns 920 shares of the company’s stock valued at $44,000 after acquiring an additional 300 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of ARK Innovation ETF in the first quarter valued at about $44,000. Finally, Park Square Financial Group LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter valued at about $59,000.

ARK Innovation ETF Stock Down 1.7%

Shares of ARK Innovation ETF stock opened at $69.84 on Friday. The stock’s 50-day simple moving average is $57.64 and its 200-day simple moving average is $56.45. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $71.29. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 50.14 and a beta of 1.64.

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.