Potomac Fund Management Inc. ADV lifted its position in shares of ARK Innovation ETF (BATS:ARKK – Free Report) by 21.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,624 shares of the company’s stock after purchasing an additional 31,733 shares during the quarter. ARK Innovation ETF accounts for 0.5% of Potomac Fund Management Inc. ADV’s investment portfolio, making the stock its 22nd largest holding. Potomac Fund Management Inc. ADV’s holdings in ARK Innovation ETF were worth $13,586,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. D.A. Davidson & CO. increased its stake in ARK Innovation ETF by 1.2% during the 4th quarter. D.A. Davidson & CO. now owns 11,315 shares of the company’s stock valued at $870,000 after purchasing an additional 133 shares in the last quarter. Graney & King LLC lifted its stake in shares of ARK Innovation ETF by 16.6% in the third quarter. Graney & King LLC now owns 998 shares of the company’s stock valued at $86,000 after buying an additional 142 shares in the last quarter. Transcend Capital Advisors LLC lifted its stake in shares of ARK Innovation ETF by 5.2% in the fourth quarter. Transcend Capital Advisors LLC now owns 3,031 shares of the company’s stock valued at $233,000 after buying an additional 150 shares in the last quarter. Financial Engines Advisors L.L.C. grew its holdings in shares of ARK Innovation ETF by 5.4% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 2,931 shares of the company’s stock valued at $225,000 after buying an additional 150 shares during the last quarter. Finally, BridgePort Financial Solutions LLC grew its holdings in shares of ARK Innovation ETF by 1.9% during the fourth quarter. BridgePort Financial Solutions LLC now owns 8,255 shares of the company’s stock valued at $635,000 after buying an additional 153 shares during the last quarter.
ARK Innovation ETF Price Performance
BATS:ARKK opened at $75.65 on Monday. ARK Innovation ETF has a one year low of $60.54 and a one year high of $92.65. The company has a market cap of $7.16 billion, a PE ratio of 50.14 and a beta of 1.92. The firm has a 50-day moving average of $75.95 and a 200-day moving average of $75.95.
ARK Innovation ETF Company 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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