WCG Wealth Advisors LLC raised its stake in shares of ARK Innovation ETF (BATS:ARKK – Free Report) by 47.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,366 shares of the company’s stock after buying an additional 7,171 shares during the period. WCG Wealth Advisors LLC’s holdings in ARK Innovation ETF were worth $1,720,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in ARKK. Orion Porfolio Solutions LLC boosted its stake in ARK Innovation ETF by 8,291.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock valued at $113,120,000 after purchasing an additional 1,590,149 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of ARK Innovation ETF by 51.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,886,920 shares of the company’s stock worth $335,441,000 after buying an additional 1,320,420 shares in the last quarter. BW Gestao de Investimentos Ltda. lifted its position in shares of ARK Innovation ETF by 108.8% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 87,577 shares of the company’s stock worth $6,736,000 after buying an additional 1,087,577 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of ARK Innovation ETF by 634.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock worth $76,386,000 after buying an additional 764,653 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in ARK Innovation ETF by 620.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock valued at $50,046,000 after purchasing an additional 560,286 shares during the last quarter.
ARK Innovation ETF Trading Down 7.0%
ARK Innovation ETF stock opened at $74.49 on Friday. ARK Innovation ETF has a 12 month low of $58.14 and a 12 month high of $92.65. The business’s 50 day simple moving average is $75.08 and its 200 day simple moving average is $75.92. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92.
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.
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