NewEdge Advisors LLC increased its holdings in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 10.1% in the fourth quarter, HoldingsChannel reports. The firm owned 102,764 shares of the company’s stock after purchasing an additional 9,453 shares during the period. NewEdge Advisors LLC’s holdings in ARK Innovation ETF were worth $5,834,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of ARKK. Barclays PLC raised its stake in shares of ARK Innovation ETF by 100.6% in the 3rd quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after acquiring an additional 32,679 shares in the last quarter. Sculati Wealth Management LLC bought a new position in shares of ARK Innovation ETF in the third quarter worth about $220,000. Fiduciary Alliance LLC acquired a new position in shares of ARK Innovation ETF during the 4th quarter worth about $226,000. Park Avenue Securities LLC grew its holdings in ARK Innovation ETF by 211.2% in the 4th quarter. Park Avenue Securities LLC now owns 13,321 shares of the company’s stock valued at $756,000 after buying an additional 9,041 shares during the last quarter. Finally, Advisors Management Group Inc. ADV bought a new position in ARK Innovation ETF in the 4th quarter worth approximately $224,000.
ARK Innovation ETF Trading Up 0.1 %
Shares of ARK Innovation ETF stock opened at $45.12 on Friday. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 28.92 and a beta of 1.98. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $68.43. The company’s fifty day simple moving average is $51.69 and its 200-day simple moving average is $54.49.
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.
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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).
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