Independent Financial Group LLC acquired a new stake in ARK Innovation ETF (BATS:ARKK – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,876 shares of the company’s stock, valued at approximately $1,005,000.
Other institutional investors have also added to or reduced their stakes in the company. State of Wisconsin Investment Board increased its stake in shares of ARK Innovation ETF by 95.8% in the fourth quarter. State of Wisconsin Investment Board now owns 2,804,342 shares of the company’s stock worth $215,710,000 after purchasing an additional 1,372,438 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in shares of ARK Innovation ETF by 8,291.5% in the second 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 period. Qube Research & Technologies Ltd lifted its stake 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 valued at $76,386,000 after buying an additional 764,653 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ARK Innovation ETF by 620.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock valued at $50,046,000 after buying an additional 560,286 shares in the last quarter. Finally, Ascension Capital Advisors Inc. boosted its holdings in ARK Innovation ETF by 0.9% in the 4th quarter. Ascension Capital Advisors Inc. now owns 372,983 shares of the company’s stock worth $28,690,000 after buying an additional 3,258 shares during the period.
ARK Innovation ETF Trading Down 0.3%
ARK Innovation ETF stock opened at $74.95 on Tuesday. ARK Innovation ETF has a 1-year low of $62.94 and a 1-year high of $92.65. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The firm has a 50 day simple moving average of $78.21 and a 200 day simple moving average of $75.81.
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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