Nwam LLC Grows Position in ARK Innovation ETF $ARKK

Nwam LLC boosted its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,673 shares of the company’s stock after acquiring an additional 1,697 shares during the period. Nwam LLC’s holdings in ARK Innovation ETF were worth $1,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Fiduciary Alliance LLC boosted its stake in shares of ARK Innovation ETF by 2.9% during the second quarter. Fiduciary Alliance LLC now owns 6,459 shares of the company’s stock valued at $454,000 after purchasing an additional 180 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in ARK Innovation ETF by 4.2% during the second quarter. AdvisorNet Financial Inc now owns 4,618 shares of the company’s stock worth $325,000 after buying an additional 187 shares during the period. Straight Path Wealth Management boosted its position in ARK Innovation ETF by 2.4% during the 2nd quarter. Straight Path Wealth Management now owns 12,496 shares of the company’s stock valued at $878,000 after acquiring an additional 292 shares in the last quarter. Milestone Asset Management LLC boosted its position in ARK Innovation ETF by 7.4% during the 2nd quarter. Milestone Asset Management LLC now owns 4,530 shares of the company’s stock valued at $318,000 after acquiring an additional 314 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of ARK Innovation ETF by 2.4% in the 1st quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock valued at $675,000 after acquiring an additional 334 shares during the period.

ARK Innovation ETF Trading Down 1.0%

ARKK opened at $82.05 on Wednesday. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96. ARK Innovation ETF has a 12 month low of $38.57 and a 12 month high of $92.65. The stock has a fifty day moving average price of $84.59 and a 200-day moving average price of $73.04.

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.