Verus Capital Partners LLC Acquires 34,774 Shares of ARK Innovation ETF $ARKK

Verus Capital Partners LLC increased its holdings in ARK Innovation ETF (BATS:ARKK) by 918.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,562 shares of the company’s stock after purchasing an additional 34,774 shares during the quarter. Verus Capital Partners LLC’s holdings in ARK Innovation ETF were worth $3,436,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Markowski Investments bought a new position in ARK Innovation ETF during the 2nd quarter worth $26,000. NBH Bank bought a new stake in shares of ARK Innovation ETF in the 2nd quarter valued at about $45,000. Mather Group LLC. acquired a new stake in shares of ARK Innovation ETF in the third quarter valued at about $79,000. XP Advisory US Inc. acquired a new stake in shares of ARK Innovation ETF in the second quarter valued at about $81,000. Finally, Boreal Capital Management LLC acquired a new stake in shares of ARK Innovation ETF in the first quarter valued at about $87,000.

ARK Innovation ETF Price Performance

Shares of ARKK opened at $75.46 on Friday. The business has a 50-day moving average of $85.46 and a 200-day moving average of $78.28. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 45.30 and a beta of 2.01. ARK Innovation ETF has a 1 year low of $62.94 and a 1 year high of $94.82.

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 issued by ARK.