ARK Innovation ETF $ARKK Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 342.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 68,696 shares of the company’s stock after acquiring an additional 53,165 shares during the period. Stratos Wealth Partners LTD.’s holdings in ARK Innovation ETF were worth $5,928,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Bessemer Group Inc. grew its holdings in ARK Innovation ETF by 4,955.6% during the third quarter. Bessemer Group Inc. now owns 455 shares of the company’s stock worth $39,000 after acquiring an additional 446 shares during the period. Riggs Asset Managment Co. Inc. boosted its position in ARK Innovation ETF by 1,635.7% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock worth $34,000 after purchasing an additional 458 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of ARK Innovation ETF during the 3rd quarter worth approximately $62,000. Private Wealth Asset Management LLC increased its holdings in shares of ARK Innovation ETF by 331.0% during the 2nd quarter. Private Wealth Asset Management LLC now owns 905 shares of the company’s stock valued at $64,000 after purchasing an additional 695 shares in the last quarter. Finally, Kilter Group LLC acquired a new position in shares of ARK Innovation ETF in the 2nd quarter valued at $75,000.

ARK Innovation ETF Stock Performance

ARKK stock opened at $68.45 on Friday. The firm has a market cap of $6.28 billion, a PE ratio of 50.14 and a beta of 1.96. The firm’s fifty day moving average is $78.62 and its 200 day moving average is $79.90. ARK Innovation ETF has a one year low of $38.57 and a one year high of $92.65.

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.