Graney & King LLC Acquires New Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Graney & King LLC bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, Holdings Channel reports. The fund bought 1,068 shares of the company’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARKK. Great Valley Advisor Group Inc. raised its position in ARK Innovation ETF by 2.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 22,030 shares of the company’s stock worth $1,047,000 after purchasing an additional 480 shares during the last quarter. DRW Securities LLC raised its position in shares of ARK Innovation ETF by 33.3% during the third quarter. DRW Securities LLC now owns 24,973 shares of the company’s stock worth $1,187,000 after acquiring an additional 6,235 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of ARK Innovation ETF in the third quarter worth approximately $76,000. D.A. Davidson & CO. lifted its stake in shares of ARK Innovation ETF by 3.1% in the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock worth $579,000 after acquiring an additional 361 shares during the period. Finally, Capstone Investment Advisors LLC bought a new stake in ARK Innovation ETF in the third quarter valued at approximately $202,000.

ARK Innovation ETF Stock Performance

ARK Innovation ETF stock opened at $54.14 on Wednesday. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43. The firm has a 50 day moving average price of $57.99 and a two-hundred day moving average price of $54.69.

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 managed by ARK.