Sig Brokerage LP Acquires New Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Sig Brokerage LP acquired a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 52,798 shares of the company’s stock, valued at approximately $2,997,000.

A number of other hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC purchased a new position in ARK Innovation ETF during the fourth quarter worth about $29,000. Murphy & Mullick Capital Management Corp purchased a new position in ARK Innovation ETF during the fourth quarter worth about $38,000. Graney & King LLC purchased a new position in ARK Innovation ETF during the fourth quarter worth about $61,000. Kestra Investment Management LLC purchased a new position in ARK Innovation ETF during the fourth quarter worth about $68,000. Finally, Transce3nd LLC purchased a new position in ARK Innovation ETF during the fourth quarter worth about $89,000.

ARK Innovation ETF Stock Performance

Shares of ARKK stock opened at $56.73 on Friday. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 32.74 and a beta of 1.94. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $68.43. The firm’s 50-day simple moving average is $48.91 and its two-hundred day simple moving average is $55.07.

About ARK Innovation ETF

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.