Private Trust Co. NA increased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 206.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,592 shares of the company’s stock after purchasing an additional 5,785 shares during the period. Private Trust Co. NA’s holdings in ARK Innovation ETF were worth $488,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in ARKK. Apollon Wealth Management LLC raised its holdings in ARK Innovation ETF by 52.8% in the 4th quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock valued at $381,000 after acquiring an additional 2,316 shares in the last quarter. Caprock Group LLC acquired a new position in shares of ARK Innovation ETF in the 4th quarter worth approximately $293,000. SFG Wealth Management LLC. acquired a new position in shares of ARK Innovation ETF in the 4th quarter worth approximately $224,000. Empowered Funds LLC acquired a new position in shares of ARK Innovation ETF in the 4th quarter worth approximately $1,149,000. Finally, Savant Capital LLC acquired a new position in shares of ARK Innovation ETF in the 4th quarter worth approximately $203,000.
ARK Innovation ETF Trading Up 1.9 %
Shares of ARKK opened at $55.64 on Friday. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $68.43. The stock has a 50 day simple moving average of $60.64 and a 200-day simple moving average of $53.82. The stock has a market cap of $5.79 billion, a PE ratio of 46.93 and a beta of 1.76.
ARK Innovation ETF Company 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.
Further Reading
- Five stocks we like better than ARK Innovation ETF
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Autodesk Designs Value for Investors: Uptrend Set to Continue
- What Are Dividend Challengers?
- Anheuser-Busch Stock Rallies—Is the King of Beers Back?
- Stock Dividend Cuts Happen Are You Ready?
- MarketBeat Week in Review – 02/24 – 02/28
Want to see what other hedge funds are holding ARKK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARK Innovation ETF (NYSEARCA:ARKK – Free Report).
Receive News & Ratings for ARK Innovation ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARK Innovation ETF and related companies with MarketBeat.com's FREE daily email newsletter.
