ARK Innovation ETF $ARKK Shares Acquired by Mutual Advisors LLC

Mutual Advisors LLC raised its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,252 shares of the company’s stock after purchasing an additional 3,476 shares during the quarter. Mutual Advisors LLC’s holdings in ARK Innovation ETF were worth $2,630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC acquired a new stake in shares of ARK Innovation ETF in the first quarter worth $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of ARK Innovation ETF in the second quarter worth $28,000. SJS Investment Consulting Inc. boosted its holdings in ARK Innovation ETF by 4,410.0% during the second quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock worth $32,000 after buying an additional 441 shares in the last quarter. DHJJ Financial Advisors Ltd. boosted its holdings in ARK Innovation ETF by 51,200.0% during the second quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock worth $36,000 after buying an additional 512 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new stake in ARK Innovation ETF during the first quarter worth $48,000.

ARK Innovation ETF Stock Performance

Shares of NYSEARCA ARKK opened at $86.68 on Friday. The company’s fifty day moving average price is $80.74 and its 200 day moving average price is $67.43. ARK Innovation ETF has a 1 year low of $38.57 and a 1 year high of $92.65. The company has a market capitalization of $8.27 billion, a PE ratio of 50.14 and a beta of 1.64.

ARK Innovation ETF 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.