Potomac Fund Management Inc. ADV Has $13.59 Million Stock Position in ARK Innovation ETF $ARKK

Potomac Fund Management Inc. ADV boosted its holdings in ARK Innovation ETF (BATS:ARKK) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 176,624 shares of the company’s stock after purchasing an additional 31,733 shares during the quarter. ARK Innovation ETF comprises 0.5% of Potomac Fund Management Inc. ADV’s holdings, making the stock its 22nd largest holding. Potomac Fund Management Inc. ADV owned 0.19% of ARK Innovation ETF worth $13,586,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ARKK. Caitlin John LLC acquired a new stake in shares of ARK Innovation ETF during the 3rd quarter worth approximately $27,000. Addison Advisors LLC acquired a new position in shares of ARK Innovation ETF during the 3rd quarter valued at $28,000. New Millennium Group LLC acquired a new position in shares of ARK Innovation ETF during the 3rd quarter valued at $31,000. Wealth Watch Advisors INC bought a new position in ARK Innovation ETF during the third quarter worth $32,000. Finally, Riggs Asset Managment Co. Inc. boosted its stake in ARK Innovation ETF by 1,635.7% during the second quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock worth $34,000 after acquiring an additional 458 shares in the last quarter.

ARK Innovation ETF Stock Performance

BATS:ARKK opened at $75.65 on Monday. ARK Innovation ETF has a 12 month low of $60.54 and a 12 month high of $92.65. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The firm has a fifty day simple moving average of $75.95 and a two-hundred day simple moving average of $75.95.

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 issued by ARK.