7,383 Shares in ARK Innovation ETF $ARKK Bought by Rinkey Investments

Rinkey Investments acquired a new position in shares of ARK Innovation ETF (BATS:ARKK) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 7,383 shares of the company’s stock, valued at approximately $597,000.

Several other large investors have also bought and sold shares of the business. Orion Porfolio Solutions LLC increased its position in shares of ARK Innovation ETF by 8,291.5% during the second quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after buying an additional 1,590,149 shares during the period. State of Wisconsin Investment Board lifted its holdings in ARK Innovation ETF by 95.8% in the fourth quarter. State of Wisconsin Investment Board now owns 2,804,342 shares of the company’s stock valued at $215,710,000 after buying an additional 1,372,438 shares during the period. BW Gestao de Investimentos Ltda. lifted its holdings in ARK Innovation ETF by 108.8% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 87,577 shares of the company’s stock valued at $6,736,000 after buying an additional 1,087,577 shares during the period. Qube Research & Technologies Ltd boosted its position in ARK Innovation ETF by 634.7% during the third quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock valued at $76,386,000 after acquiring an additional 764,653 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in ARK Innovation ETF by 620.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock valued at $50,046,000 after acquiring an additional 560,286 shares during the last quarter.

ARK Innovation ETF Trading Up 1.2%

Shares of ARK Innovation ETF stock opened at $85.57 on Tuesday. The business has a 50-day moving average price of $79.18 and a two-hundred day moving average price of $75.97. ARK Innovation ETF has a 1-year low of $62.94 and a 1-year high of $92.65. The company has a market cap of $8.10 billion, a P/E ratio of 50.14 and a beta of 1.92.

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.