Retirement Planning Group LLC NY Takes Position in ARK Innovation ETF $ARKK

Retirement Planning Group LLC NY bought a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the 2nd quarter, Holdings Channel reports. The fund bought 3,409 shares of the company’s stock, valued at approximately $240,000.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in shares of ARK Innovation ETF by 303.1% during the first quarter. Janney Montgomery Scott LLC now owns 112,074 shares of the company’s stock valued at $5,332,000 after acquiring an additional 84,269 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of ARK Innovation ETF by 10.2% during the first quarter. Farther Finance Advisors LLC now owns 14,917 shares of the company’s stock worth $713,000 after purchasing an additional 1,376 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of ARK Innovation ETF during the second quarter worth about $394,000. IFP Advisors Inc lifted its position in shares of ARK Innovation ETF by 2.4% during the first quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock worth $675,000 after purchasing an additional 334 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of ARK Innovation ETF by 24.0% during the first quarter. Bank of New York Mellon Corp now owns 4,910 shares of the company’s stock worth $234,000 after purchasing an additional 951 shares during the last quarter.

ARK Innovation ETF Stock Performance

Shares of ARKK stock opened at $86.52 on Friday. ARK Innovation ETF has a one year low of $38.57 and a one year high of $92.65. The company’s 50-day simple moving average is $79.62 and its 200-day simple moving average is $66.49. The stock has a market capitalization of $8.27 billion, a price-to-earnings 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.