Elevation Point Wealth Partners LLC Has $5.09 Million Stock Holdings in ARK Innovation ETF $ARKK

Elevation Point Wealth Partners LLC cut its position in ARK Innovation ETF (BATS:ARKK) by 27.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,940 shares of the company’s stock after selling 21,917 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in ARK Innovation ETF were worth $5,086,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Orion Porfolio Solutions LLC increased its holdings in shares of ARK Innovation ETF by 8,291.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after acquiring an additional 1,590,149 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of ARK Innovation ETF by 51.4% in the third quarter. JPMorgan Chase & Co. now owns 3,886,920 shares of the company’s stock valued at $335,441,000 after purchasing an additional 1,320,420 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of ARK Innovation ETF in the third quarter valued at about $39,269,000. Clear Street LLC bought a new position in shares of ARK Innovation ETF in the second quarter valued at about $19,718,000. Finally, Quantitative Investment Management LLC bought a new stake in shares of ARK Innovation ETF during the 3rd quarter worth about $10,220,000.

ARK Innovation ETF Stock Down 0.6%

ARK Innovation ETF stock opened at $70.25 on Friday. The company’s 50-day moving average price is $75.55 and its two-hundred day moving average price is $79.55. The stock has a market cap of $6.65 billion, a P/E ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a twelve month low of $38.57 and a twelve month high of $92.65.

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 issued by ARK.