Luken Investment Analytics LLC Purchases New Position in ARK Innovation ETF $ARKK

Luken Investment Analytics LLC acquired a new stake in ARK Innovation ETF (BATS:ARKK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 89,592 shares of the company’s stock, valued at approximately $7,241,000. ARK Innovation ETF makes up about 2.5% of Luken Investment Analytics LLC’s portfolio, making the stock its 17th largest position. Luken Investment Analytics LLC owned 0.09% of ARK Innovation ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ARKK. Requisite Capital Management LLC acquired a new stake in shares of ARK Innovation ETF in the 2nd quarter valued at about $203,000. Rinkey Investments purchased a new stake in ARK Innovation ETF in the second quarter valued at approximately $597,000. M Holdings Securities Inc. boosted its holdings in shares of ARK Innovation ETF by 1.0% in the second quarter. M Holdings Securities Inc. now owns 26,227 shares of the company’s stock valued at $2,059,000 after acquiring an additional 249 shares during the period. Headlands Technologies LLC purchased a new position in shares of ARK Innovation ETF during the second quarter worth approximately $546,000. Finally, Quantitative Investment Management LLC purchased a new position in shares of ARK Innovation ETF during the second quarter worth approximately $5,159,000.

ARK Innovation ETF Price Performance

Shares of ARK Innovation ETF stock opened at $83.08 on Wednesday. The firm’s fifty day simple moving average is $79.31 and its 200-day simple moving average is $76.06. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 12 month low of $62.94 and a 12 month high of $92.65.

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 issued by ARK.