PCG Wealth Advisors LLC acquired a new position in ARK Innovation ETF (BATS:ARKK – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 17,525 shares of the company’s stock, valued at approximately $1,416,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in ARKK. Decker Retirement Planning Inc. boosted its holdings in ARK Innovation ETF by 38,300.0% during the first quarter. Decker Retirement Planning Inc. now owns 384 shares of the company’s stock worth $26,000 after buying an additional 383 shares in the last quarter. Markowski Investments bought a new position in shares of ARK Innovation ETF in the second quarter valued at $26,000. TD Capital Management LLC bought a new position in shares of ARK Innovation ETF in the fourth quarter valued at $30,000. Wealth Watch Advisors INC acquired a new stake in shares of ARK Innovation ETF during the 3rd quarter valued at $32,000. Finally, Riggs Asset Managment Co. Inc. boosted its stake in shares of ARK Innovation ETF by 1,635.7% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock worth $34,000 after acquiring an additional 458 shares in the last quarter.
ARK Innovation ETF Stock Down 1.1%
Shares of BATS ARKK opened at $86.22 on Friday. The stock’s fifty day simple moving average is $79.81 and its 200 day simple moving average is $76.35. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 52-week low of $62.94 and a 52-week high of $92.65.
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 issued by ARK.
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