ARK Innovation ETF $ARKK Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,859 shares of the company’s stock after purchasing an additional 8,360 shares during the quarter. Wealthfront Advisers LLC owned about 0.16% of ARK Innovation ETF worth $13,019,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riggs Asset Managment Co. Inc. lifted its position in ARK Innovation ETF by 1,635.7% during the second quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock worth $34,000 after buying an additional 458 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of ARK Innovation ETF by 4,955.6% in the 3rd quarter. Bessemer Group Inc. now owns 455 shares of the company’s stock worth $39,000 after acquiring an additional 446 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of ARK Innovation ETF in the 3rd quarter worth $62,000. Private Wealth Asset Management LLC raised 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 worth $64,000 after acquiring an additional 695 shares during the period. Finally, Kilter Group LLC acquired a new position in shares of ARK Innovation ETF during the 2nd quarter valued at about $75,000.

ARK Innovation ETF Trading Down 0.2%

ARK Innovation ETF stock opened at $72.26 on Wednesday. The company has a 50-day moving average price of $79.11 and a 200 day moving average price of $80.05. ARK Innovation ETF has a 12-month low of $38.57 and a 12-month high of $92.65. The stock has a market cap of $6.63 billion, a P/E 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.