ARK Innovation ETF (BATS:ARKK – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $78.31 and traded as low as $71.39. ARK Innovation ETF shares last traded at $73.15, with a volume of 13,901,495 shares.
ARK Innovation ETF Stock Performance
The company has a 50-day simple moving average of $85.46 and a two-hundred day simple moving average of $78.28. The firm has a market capitalization of $5.83 billion, a P/E ratio of 45.30 and a beta of 2.01.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new stake in shares of ARK Innovation ETF during the third quarter valued at approximately $25,719,000. Luken Investment Analytics LLC purchased a new position in ARK Innovation ETF during the second quarter valued at $7,241,000. Renaissance Technologies LLC purchased a new position in ARK Innovation ETF during the first quarter valued at $5,840,000. Quantitative Investment Management LLC purchased a new position in ARK Innovation ETF during the second quarter valued at $5,159,000. Finally, Envestnet Asset Management Inc. lifted its position in ARK Innovation ETF by 27.1% during the second quarter. Envestnet Asset Management Inc. now owns 225,231 shares of the company’s stock valued at $18,203,000 after buying an additional 48,003 shares during the period.
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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