Strategic Wealth Investment Group LLC Has $1.83 Million Stake in ARK Innovation ETF $ARKK

Strategic Wealth Investment Group LLC decreased its position in ARK Innovation ETF (BATS:ARKK) by 32.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,771 shares of the company’s stock after selling 11,661 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in ARK Innovation ETF were worth $1,828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARKK. Focus Partners Wealth raised its stake in shares of ARK Innovation ETF by 74.2% in the 1st quarter. Focus Partners Wealth now owns 7,095 shares of the company’s stock valued at $338,000 after purchasing an additional 3,023 shares during the period. Franklin Resources Inc. bought a new position in shares of ARK Innovation ETF in the 2nd quarter valued at about $117,000. Qube Research & Technologies Ltd grew its holdings in shares of ARK Innovation ETF by 15.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 120,468 shares of the company’s stock valued at $8,468,000 after acquiring an additional 16,052 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of ARK Innovation ETF in the 2nd quarter valued at about $450,000. Finally, Ausdal Financial Partners Inc. grew its holdings in shares of ARK Innovation ETF by 34.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 22,403 shares of the company’s stock valued at $1,575,000 after acquiring an additional 5,769 shares in the last quarter.

ARK Innovation ETF Price Performance

Shares of BATS ARKK opened at $74.49 on Friday. 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 business has a 50-day moving average of $75.08 and a 200-day moving average of $75.92. ARK Innovation ETF has a fifty-two week low of $58.14 and a fifty-two week high of $92.65.

About ARK Innovation ETF

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.