State of Wisconsin Investment Board lifted its position in ARK Innovation ETF (BATS:ARKK – Free Report) by 95.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,804,342 shares of the company’s stock after acquiring an additional 1,372,438 shares during the quarter. ARK Innovation ETF accounts for approximately 0.5% of State of Wisconsin Investment Board’s holdings, making the stock its 23rd largest position. State of Wisconsin Investment Board owned 3.06% of ARK Innovation ETF worth $215,710,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of ARK Innovation ETF by 51.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,886,920 shares of the company’s stock worth $335,441,000 after acquiring an additional 1,320,420 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in shares of ARK Innovation ETF by 8,291.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after acquiring an additional 1,590,149 shares in the last quarter. Qube Research & Technologies Ltd grew its position in shares of ARK Innovation ETF by 634.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock worth $76,386,000 after acquiring an additional 764,653 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of ARK Innovation ETF by 620.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock worth $50,046,000 after acquiring an additional 560,286 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of ARK Innovation ETF in the 3rd quarter worth approximately $39,269,000.
ARK Innovation ETF Trading Down 0.7%
Shares of ARKK opened at $79.08 on Wednesday. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The stock has a 50 day moving average of $76.38 and a 200-day moving average of $75.98. ARK Innovation ETF has a 52 week low of $62.94 and a 52 week high of $92.65.
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.
Read More
- Five stocks we like better than ARK Innovation ETF
- Could a Tesla-SpaceX Merger Be Closer Than Investors Think?
- Gravity Check: Houston, SpaceX Has a Valuation Problem
- Strategy’s Bitcoin Rally Has a Hidden Engine
- Okta’s AI Moment May Be Bigger Than Investors Realize
Want to see what other hedge funds are holding ARKK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARK Innovation ETF (BATS:ARKK – Free Report).
Receive News & Ratings for ARK Innovation ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARK Innovation ETF and related companies with MarketBeat.com's FREE daily email newsletter.
