ARK Innovation ETF (BATS:ARKK) Sets New 12-Month High – Here’s What Happened

ARK Innovation ETF (BATS:ARKK)’s share price hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $92.85 and last traded at $92.8540, with a volume of 2351925 shares traded. The stock had previously closed at $89.83.

ARK Innovation ETF Price Performance

The firm’s 50 day moving average is $83.31 and its 200 day moving average is $78.52. The firm has a market cap of $8.78 billion, a P/E ratio of 50.14 and a beta of 1.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARKK. Decker Retirement Planning Inc. grew its position in ARK Innovation ETF by 38,300.0% during the 1st quarter. Decker Retirement Planning Inc. now owns 384 shares of the company’s stock valued at $26,000 after purchasing an additional 383 shares during the last quarter. Markowski Investments bought a new stake in shares of ARK Innovation ETF during the second quarter valued at approximately $26,000. TD Capital Management LLC purchased a new position in ARK Innovation ETF in the 4th quarter worth approximately $30,000. Banque Transatlantique SA lifted its position in ARK Innovation ETF by 138.2% in the 4th quarter. Banque Transatlantique SA now owns 586 shares of the company’s stock valued at $45,000 after acquiring an additional 340 shares in the last quarter. Finally, NBH Bank bought a new stake in shares of ARK Innovation ETF in the 2nd quarter worth $45,000.

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.