Significant Wealth Partners LLC increased its position in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 33.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,185 shares of the company’s stock after buying an additional 2,543 shares during the quarter. Significant Wealth Partners LLC’s holdings in ARK Innovation ETF were worth $485,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of ARK Innovation ETF in the 4th quarter valued at $225,000. US Bancorp DE lifted its position in ARK Innovation ETF by 21.1% during the 4th quarter. US Bancorp DE now owns 3,955 shares of the company’s stock worth $225,000 after acquiring an additional 690 shares during the period. Raymond James Financial Inc. acquired a new stake in ARK Innovation ETF during the 4th quarter worth approximately $54,586,000. Independent Advisor Alliance acquired a new stake in ARK Innovation ETF during the 4th quarter worth approximately $591,000. Finally, Moors & Cabot Inc. grew its position in ARK Innovation ETF by 1.3% in the 4th quarter. Moors & Cabot Inc. now owns 20,650 shares of the company’s stock valued at $1,172,000 after buying an additional 263 shares during the last quarter.
ARK Innovation ETF Price Performance
NYSEARCA:ARKK opened at $72.37 on Thursday. The firm’s fifty day moving average price is $61.09 and its 200 day moving average price is $57.00. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $73.30. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 50.14 and a beta of 1.64.
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.
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