Mission Wealth Management LP decreased its position in shares of ARK Innovation ETF (BATS:ARKK – Free Report) by 19.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 257,273 shares of the company’s stock after selling 63,400 shares during the period. Mission Wealth Management LP’s holdings in ARK Innovation ETF were worth $19,789,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Caitlin John LLC purchased a new position in shares of ARK Innovation ETF during the third quarter valued at approximately $27,000. Addison Advisors LLC purchased a new position in shares of ARK Innovation ETF during the third quarter valued at approximately $28,000. New Millennium Group LLC purchased a new position in shares of ARK Innovation ETF during the third quarter valued at approximately $31,000. Wealth Watch Advisors INC purchased a new position in shares of ARK Innovation ETF during the third quarter valued at approximately $32,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of ARK Innovation ETF by 85.0% during the third quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock valued at $36,000 after buying an additional 192 shares during the period.
ARK Innovation ETF Stock Performance
Shares of ARKK opened at $74.90 on Monday. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 1 year low of $55.02 and a 1 year high of $92.65. The company’s 50 day simple moving average is $73.25 and its 200 day simple moving average is $76.59.
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 issued by ARK.
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