BridgePort Financial Solutions LLC Acquires Shares of 8,102 ARK Innovation ETF $ARKK

BridgePort Financial Solutions LLC bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,102 shares of the company’s stock, valued at approximately $699,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Orion Porfolio Solutions LLC grew its stake in ARK Innovation ETF by 8,291.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after buying an additional 1,590,149 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in ARK Innovation ETF by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 413,265 shares of the company’s stock valued at $35,665,000 after buying an additional 60,451 shares during the last quarter. Mission Wealth Management LP boosted its holdings in shares of ARK Innovation ETF by 3.1% in the second quarter. Mission Wealth Management LP now owns 326,428 shares of the company’s stock valued at $22,945,000 after acquiring an additional 9,829 shares during the period. Venture Visionary Partners LLC grew its position in shares of ARK Innovation ETF by 0.9% during the third quarter. Venture Visionary Partners LLC now owns 287,094 shares of the company’s stock worth $24,776,000 after acquiring an additional 2,547 shares during the last quarter. Finally, Clear Street LLC purchased a new position in shares of ARK Innovation ETF during the second quarter worth approximately $19,718,000.

ARK Innovation ETF Price Performance

ARKK stock opened at $72.44 on Tuesday. The company has a fifty day moving average price of $79.23 and a 200 day moving average price of $80.08. ARK Innovation ETF has a 12 month low of $38.57 and a 12 month high of $92.65. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96.

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.