Cwm LLC Has $13.56 Million Stock Position in ARK Innovation ETF $ARKK

Cwm LLC lifted its position in ARK Innovation ETF (BATS:ARKK) by 4.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 176,331 shares of the company’s stock after purchasing an additional 6,904 shares during the period. Cwm LLC’s holdings in ARK Innovation ETF were worth $13,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Focus Partners Wealth increased its stake in shares of ARK Innovation ETF by 74.2% in the first quarter. Focus Partners Wealth now owns 7,095 shares of the company’s stock worth $338,000 after purchasing an additional 3,023 shares during the period. Franklin Resources Inc. bought a new position in shares of ARK Innovation ETF in the second quarter worth about $117,000. Qube Research & Technologies Ltd increased its stake in shares of ARK Innovation ETF by 15.4% in the second quarter. Qube Research & Technologies Ltd now owns 120,468 shares of the company’s stock worth $8,468,000 after purchasing an additional 16,052 shares during the period. Quantinno Capital Management LP bought a new position in shares of ARK Innovation ETF in the second quarter worth about $450,000. Finally, Ausdal Financial Partners Inc. increased its stake in shares of ARK Innovation ETF by 34.7% in the second quarter. Ausdal Financial Partners Inc. now owns 22,403 shares of the company’s stock worth $1,575,000 after purchasing an additional 5,769 shares during the period.

ARK Innovation ETF Stock Performance

ARK Innovation ETF stock opened at $79.23 on Friday. The business’s 50-day simple moving average is $71.28 and its 200-day simple moving average is $78.06. The firm has a market capitalization of $7.50 billion, a PE ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 52 week low of $43.68 and a 52 week high of $92.65.

About ARK Innovation ETF

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.