Axxcess Wealth Management LLC Has $4.27 Million Stake in ARK Innovation ETF $ARKK

Axxcess Wealth Management LLC grew its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 13.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,721 shares of the company’s stock after buying an additional 7,067 shares during the period. Axxcess Wealth Management LLC owned 0.06% of ARK Innovation ETF worth $4,268,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in ARK Innovation ETF by 303.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 112,074 shares of the company’s stock worth $5,332,000 after purchasing an additional 84,269 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in ARK Innovation ETF during the 2nd quarter worth approximately $394,000. IFP Advisors Inc lifted its holdings in ARK Innovation ETF by 2.4% during the 1st quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock worth $675,000 after purchasing an additional 334 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in ARK Innovation ETF by 24.0% during the 1st quarter. Bank of New York Mellon Corp now owns 4,910 shares of the company’s stock worth $234,000 after purchasing an additional 951 shares during the last quarter. Finally, Integrity Alliance LLC. acquired a new stake in ARK Innovation ETF during the 1st quarter worth approximately $327,000.

ARK Innovation ETF Trading Down 1.0%

NYSEARCA:ARKK opened at $86.86 on Wednesday. The stock has a market cap of $8.30 billion, a P/E ratio of 50.14 and a beta of 1.64. The stock has a 50 day simple moving average of $80.19 and a 200 day simple moving average of $67.01. ARK Innovation ETF has a 1-year low of $38.57 and a 1-year 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 managed by ARK.