Verus Capital Partners LLC raised its position in shares of ARK Innovation ETF (BATS:ARKK – Free Report) by 918.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,562 shares of the company’s stock after acquiring an additional 34,774 shares during the quarter. Verus Capital Partners LLC’s holdings in ARK Innovation ETF were worth $3,436,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Ascension Capital Advisors Inc. raised its position in shares of ARK Innovation ETF by 2.7% in the 1st quarter. Ascension Capital Advisors Inc. now owns 382,968 shares of the company’s stock worth $25,885,000 after acquiring an additional 9,985 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at about $25,719,000. Envestnet Asset Management Inc. boosted its position in shares of ARK Innovation ETF by 27.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 225,231 shares of the company’s stock valued at $18,203,000 after purchasing an additional 48,003 shares in the last quarter. Wealthfront Advisers LLC grew its stake in ARK Innovation ETF by 2.1% during the first quarter. Wealthfront Advisers LLC now owns 156,385 shares of the company’s stock worth $10,570,000 after purchasing an additional 3,208 shares during the period. Finally, NewEdge Advisors LLC grew its stake in ARK Innovation ETF by 37.0% during the first quarter. NewEdge Advisors LLC now owns 148,191 shares of the company’s stock worth $10,016,000 after purchasing an additional 40,003 shares during the period.
ARK Innovation ETF Stock Performance
Shares of ARKK stock opened at $75.46 on Friday. The company has a market cap of $5.83 billion, a P/E ratio of 45.30 and a beta of 2.01. The stock has a 50 day simple moving average of $85.46 and a two-hundred day simple moving average of $78.28. ARK Innovation ETF has a fifty-two week low of $62.94 and a fifty-two week high of $94.82.
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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