Maridea Wealth Management LLC Invests $253,000 in ARK Innovation ETF (NYSEARCA:ARKK)

Maridea Wealth Management LLC bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,450 shares of the company’s stock, valued at approximately $253,000.

A number of other large investors also recently added to or reduced their stakes in ARKK. Moors & Cabot Inc. boosted its holdings in shares of ARK Innovation ETF by 1.3% during the 4th quarter. Moors & Cabot Inc. now owns 20,650 shares of the company’s stock valued at $1,172,000 after purchasing an additional 263 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in ARK Innovation ETF by 8.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,956 shares of the company’s stock valued at $225,000 after buying an additional 312 shares during the last quarter. D.A. Davidson & CO. grew its holdings in ARK Innovation ETF by 3.1% during the 3rd quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock valued at $579,000 after buying an additional 361 shares in the last quarter. Sandy Spring Bank increased its stake in ARK Innovation ETF by 19.3% in the 4th quarter. Sandy Spring Bank now owns 2,231 shares of the company’s stock worth $127,000 after acquiring an additional 361 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its holdings in shares of ARK Innovation ETF by 3.6% during the 4th quarter. Perigon Wealth Management LLC now owns 11,986 shares of the company’s stock worth $704,000 after acquiring an additional 421 shares in the last quarter.

ARK Innovation ETF Stock Performance

ARKK stock opened at $48.70 on Friday. The firm has a fifty day moving average price of $57.48 and a 200 day moving average price of $54.76. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43. The firm has a market cap of $5.34 billion, a PE ratio of 41.12 and a beta of 1.89.

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 managed by ARK.