Valen Private Capital LLC Makes New $2.17 Million Investment in ARK Innovation ETF $ARKK

Valen Private Capital LLC purchased a new position in shares of ARK Innovation ETF (BATS:ARKK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,345 shares of the company’s stock, valued at approximately $2,169,000. ARK Innovation ETF comprises approximately 0.7% of Valen Private Capital LLC’s holdings, making the stock its 27th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Luken Investment Analytics LLC acquired a new stake in ARK Innovation ETF in the 2nd quarter valued at about $7,241,000. Renaissance Technologies LLC acquired a new position in ARK Innovation ETF during the first quarter worth about $5,840,000. Elevation Point Wealth Partners LLC acquired a new position in ARK Innovation ETF during the first quarter worth about $4,336,000. Quantitative Investment Management LLC acquired a new position in ARK Innovation ETF during the second quarter worth about $5,159,000. Finally, Envestnet Asset Management Inc. raised its position in ARK Innovation ETF by 27.1% during the second quarter. Envestnet Asset Management Inc. now owns 225,231 shares of the company’s stock worth $18,203,000 after acquiring an additional 48,003 shares during the last quarter.

ARK Innovation ETF Price Performance

Shares of BATS ARKK opened at $81.99 on Friday. ARK Innovation ETF has a 12-month low of $62.94 and a 12-month high of $94.82. The company has a market capitalization of $7.76 billion, a PE ratio of 50.14 and a beta of 1.92. The firm’s 50-day moving average is $86.17 and its two-hundred day moving average is $80.26.

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 issued by ARK.