Intrepid Financial Planning Group LLC Has $2.10 Million Position in ARK Innovation ETF (NYSEARCA:ARKK)

Intrepid Financial Planning Group LLC lessened its position in ARK Innovation ETF (NYSEARCA:ARKKFree Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,972 shares of the company’s stock after selling 1,858 shares during the period. ARK Innovation ETF accounts for about 0.9% of Intrepid Financial Planning Group LLC’s portfolio, making the stock its 29th biggest holding. Intrepid Financial Planning Group LLC’s holdings in ARK Innovation ETF were worth $2,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ARKK. Raymond James Financial Inc. acquired a new stake in shares of ARK Innovation ETF in the fourth quarter valued at about $54,586,000. Strategic Financial Concepts LLC acquired a new stake in shares of ARK Innovation ETF in the fourth quarter valued at about $514,000. Ascension Capital Advisors Inc. increased its stake in shares of ARK Innovation ETF by 5.0% in the fourth quarter. Ascension Capital Advisors Inc. now owns 373,958 shares of the company’s stock valued at $21,230,000 after buying an additional 17,764 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of ARK Innovation ETF in the third quarter valued at about $6,545,000. Finally, SG Americas Securities LLC boosted its position in shares of ARK Innovation ETF by 4.8% during the 4th quarter. SG Americas Securities LLC now owns 112,267 shares of the company’s stock valued at $6,373,000 after purchasing an additional 5,191 shares in the last quarter.

ARK Innovation ETF Price Performance

Shares of ARK Innovation ETF stock opened at $49.19 on Friday. ARK Innovation ETF has a one year low of $36.85 and a one year high of $68.43. The stock’s 50-day moving average is $59.00 and its 200 day moving average is $54.25. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89.

ARK Innovation ETF Profile

(Free Report)

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

Institutional Ownership by Quarter for ARK Innovation ETF (NYSEARCA:ARKK)

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