NavPoint Financial Inc. Acquires 2,030 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

NavPoint Financial Inc. boosted its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 21.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,610 shares of the company’s stock after purchasing an additional 2,030 shares during the quarter. NavPoint Financial Inc.’s holdings in ARK Innovation ETF were worth $552,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ARKK. Raymond James Financial Inc. bought a new stake in ARK Innovation ETF in the fourth quarter worth approximately $54,586,000. Strategic Financial Concepts LLC bought a new stake in ARK Innovation ETF in the fourth quarter worth approximately $514,000. Toronto Dominion Bank increased its holdings in ARK Innovation ETF by 10,526.8% in the fourth quarter. Toronto Dominion Bank now owns 457,697 shares of the company’s stock worth $25,983,000 after purchasing an additional 453,390 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in ARK Innovation ETF by 69.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 535,428 shares of the company’s stock worth $30,396,000 after purchasing an additional 219,092 shares in the last quarter. Finally, Clear Street Derivatives LLC bought a new stake in ARK Innovation ETF in the fourth quarter worth approximately $9,441,000.

ARK Innovation ETF Stock Performance

Shares of ARK Innovation ETF stock opened at $61.13 on Friday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $68.43. The stock has a 50 day moving average price of $51.24 and a two-hundred day moving average price of $55.65. The stock has a market capitalization of $5.99 billion, a PE ratio of 36.42 and a beta of 1.92.

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.