Signaturefd LLC Buys 4,150 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Signaturefd LLC grew its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 170.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,579 shares of the company’s stock after buying an additional 4,150 shares during the period. Signaturefd LLC’s holdings in ARK Innovation ETF were worth $374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARKK. Kestra Investment Management LLC purchased a new position in ARK Innovation ETF during the fourth quarter valued at approximately $68,000. Brown Brothers Harriman & Co. bought a new position in ARK Innovation ETF in the 3rd quarter valued at $76,000. Hobbs Group Advisors LLC purchased a new position in shares of ARK Innovation ETF during the 3rd quarter valued at $86,000. Mainstream Capital Management LLC bought a new position in shares of ARK Innovation ETF in the fourth quarter worth $99,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of ARK Innovation ETF in the fourth quarter worth $114,000.

ARK Innovation ETF Stock Performance

NYSEARCA:ARKK opened at $50.02 on Friday. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89. The stock has a fifty day moving average of $58.21 and a 200 day moving average of $54.32. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43.

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.