Mission Wealth Management LP Grows Stake in ARK Innovation ETF $ARKK

Mission Wealth Management LP increased its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 3.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 326,428 shares of the company’s stock after acquiring an additional 9,829 shares during the period. Mission Wealth Management LP’s holdings in ARK Innovation ETF were worth $22,945,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new position in ARK Innovation ETF in the first quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in ARK Innovation ETF in the second quarter worth about $28,000. SJS Investment Consulting Inc. boosted its position in shares of ARK Innovation ETF by 4,410.0% during the second quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock valued at $32,000 after buying an additional 441 shares during the period. DHJJ Financial Advisors Ltd. boosted its position in shares of ARK Innovation ETF by 51,200.0% during the second quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock valued at $36,000 after buying an additional 512 shares during the period. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of ARK Innovation ETF during the first quarter valued at approximately $48,000.

ARK Innovation ETF Price Performance

Shares of NYSEARCA:ARKK opened at $88.98 on Friday. ARK Innovation ETF has a 1 year low of $38.57 and a 1 year high of $92.65. The business has a 50 day simple moving average of $83.48 and a two-hundred day simple moving average of $71.07. The firm has a market capitalization of $8.54 billion, a PE ratio of 50.14 and a beta of 1.96.

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 managed by ARK.