Northwestern Mutual Wealth Management Co. grew its holdings in ARK Innovation ETF (BATS:ARKK – Free Report) by 620.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 650,621 shares of the company’s stock after acquiring an additional 560,286 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ARK Innovation ETF were worth $50,046,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ARKK. Caitlin John LLC bought a new position in ARK Innovation ETF in the third quarter worth approximately $27,000. Addison Advisors LLC bought a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at $28,000. New Millennium Group LLC bought a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at $31,000. Wealth Watch Advisors INC bought a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at $32,000. Finally, Riggs Asset Managment Co. Inc. grew its stake 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 valued at $34,000 after acquiring an additional 458 shares in the last quarter.
ARK Innovation ETF Stock Performance
ARKK opened at $74.51 on Tuesday. ARK Innovation ETF has a fifty-two week low of $55.02 and a fifty-two week high of $92.65. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The company has a fifty day moving average of $73.26 and a 200 day moving average of $76.48.
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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