L1 Global Manager Pty Ltd bought a new stake in shares of ARK Innovation ETF (BATS:ARKK – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $15,384,000. ARK Innovation ETF makes up approximately 10.2% of L1 Global Manager Pty Ltd’s holdings, making the stock its 2nd largest holding. L1 Global Manager Pty Ltd owned approximately 0.22% of ARK Innovation ETF as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Caitlin John LLC acquired a new position in ARK Innovation ETF during the 3rd quarter valued at about $27,000. Addison Advisors LLC acquired a new position in ARK Innovation ETF during the 3rd quarter valued at about $28,000. New Millennium Group LLC acquired a new position in ARK Innovation ETF during the 3rd quarter valued at about $31,000. Wealth Watch Advisors INC acquired a new position in ARK Innovation ETF during the 3rd quarter valued at about $32,000. Finally, Russell Investments Group Ltd. increased its position in ARK Innovation ETF by 85.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock valued at $36,000 after buying an additional 192 shares in the last quarter.
ARK Innovation ETF Price Performance
Shares of BATS:ARKK opened at $75.65 on Friday. The business’s 50-day moving average is $75.95 and its 200 day moving average is $75.93. ARK Innovation ETF has a 1 year low of $60.54 and a 1 year high of $92.65. The firm has a market capitalization of $7.16 billion, a P/E ratio of 50.14 and a beta of 1.92.
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.
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