Nwam LLC Acquires 852 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Nwam LLC increased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 3.2% during the 4th quarter, HoldingsChannel reports. The fund owned 27,379 shares of the company’s stock after buying an additional 852 shares during the period. Nwam LLC’s holdings in ARK Innovation ETF were worth $1,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Apollon Wealth Management LLC lifted its holdings in shares of ARK Innovation ETF by 52.8% during the fourth quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock valued at $381,000 after purchasing an additional 2,316 shares during the last quarter. Caprock Group LLC bought a new position in ARK Innovation ETF during the 4th quarter valued at approximately $293,000. SFG Wealth Management LLC. purchased a new position in ARK Innovation ETF during the fourth quarter valued at $224,000. Empowered Funds LLC bought a new stake in ARK Innovation ETF in the fourth quarter worth $1,149,000. Finally, Savant Capital LLC purchased a new stake in shares of ARK Innovation ETF in the fourth quarter worth $203,000.

ARK Innovation ETF Price Performance

Shares of NYSEARCA:ARKK opened at $54.59 on Friday. The company has a market capitalization of $5.68 billion, a PE ratio of 46.93 and a beta of 1.76. The business has a fifty day moving average price of $60.71 and a 200-day moving average price of $53.64. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43.

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 managed by ARK.