Turner Financial Group Inc. purchased a new stake in shares of ARK Innovation ETF (BATS:ARKK – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,521 shares of the company’s stock, valued at approximately $1,901,000. ARK Innovation ETF makes up about 1.9% of Turner Financial Group Inc.’s portfolio, making the stock its 10th largest position.
Several other institutional investors and hedge funds have also recently modified their holdings of ARKK. Meadowbrook Wealth Management LLC purchased a new stake in shares of ARK Innovation ETF in the second quarter valued at approximately $234,000. Hopwood Nicholas Hunter purchased a new position in ARK Innovation ETF during the 2nd quarter worth $362,000. NWF Advisory Services Inc. purchased a new position in ARK Innovation ETF during the 2nd quarter worth $201,000. Kickstand Ventures LLC. raised its position in ARK Innovation ETF by 4.9% during the 2nd quarter. Kickstand Ventures LLC. now owns 16,776 shares of the company’s stock valued at $1,356,000 after purchasing an additional 787 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in ARK Innovation ETF by 57.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 22,542 shares of the company’s stock valued at $1,822,000 after purchasing an additional 8,189 shares in the last quarter.
ARK Innovation ETF Trading Down 1.1%
Shares of ARKK stock opened at $86.22 on Friday. ARK Innovation ETF has a twelve month low of $62.94 and a twelve month high of $92.65. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The stock has a fifty day simple moving average of $79.81 and a two-hundred day simple moving average of $76.35.
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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