Reyes Financial Architecture Inc. Invests $4.47 Million in ARK Innovation ETF $ARKK

Reyes Financial Architecture Inc. acquired a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 51,809 shares of the company’s stock, valued at approximately $4,471,000. ARK Innovation ETF makes up about 3.0% of Reyes Financial Architecture Inc.’s investment portfolio, making the stock its 10th largest position. Reyes Financial Architecture Inc. owned 0.05% of ARK Innovation ETF as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IFG Advisory LLC lifted its holdings in ARK Innovation ETF by 20.5% during the third quarter. IFG Advisory LLC now owns 6,127 shares of the company’s stock worth $529,000 after buying an additional 1,044 shares during the period. ARK Investment Management LLC lifted its stake in shares of ARK Innovation ETF by 53.2% during the 3rd quarter. ARK Investment Management LLC now owns 16,471 shares of the company’s stock worth $1,421,000 after purchasing an additional 5,723 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in shares of ARK Innovation ETF by 3.4% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 7,928 shares of the company’s stock worth $683,000 after purchasing an additional 257 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in ARK Innovation ETF by 6.2% during the third quarter. Kingsview Wealth Management LLC now owns 63,504 shares of the company’s stock valued at $5,480,000 after purchasing an additional 3,688 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its stake in ARK Innovation ETF by 110.5% in the third quarter. Arete Wealth Advisors LLC now owns 56,080 shares of the company’s stock valued at $4,840,000 after purchasing an additional 29,434 shares during the last quarter.

ARK Innovation ETF Stock Performance

ARKK stock opened at $74.93 on Thursday. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96. The firm has a 50-day simple moving average of $76.22 and a two-hundred day simple moving average of $79.64. 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.