Quantitative Investment Management LLC Makes New Investment in ARK Innovation ETF $ARKK

Quantitative Investment Management LLC bought a new stake in shares of ARK Innovation ETF (BATS:ARKK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 63,839 shares of the company’s stock, valued at approximately $5,159,000. Quantitative Investment Management LLC owned about 0.07% of ARK Innovation ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARKK. D.A. Davidson & CO. increased its stake in shares of ARK Innovation ETF by 1.2% in the 4th quarter. D.A. Davidson & CO. now owns 11,315 shares of the company’s stock worth $870,000 after acquiring an additional 133 shares during the last quarter. Legacy Solutions LLC grew its holdings in shares of ARK Innovation ETF by 4.0% in the second quarter. Legacy Solutions LLC now owns 3,552 shares of the company’s stock valued at $287,000 after purchasing an additional 137 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in ARK Innovation ETF by 2.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,013 shares of the company’s stock worth $405,000 after purchasing an additional 139 shares during the last quarter. Bleakley Financial Group LLC increased its position in ARK Innovation ETF by 0.5% during the first quarter. Bleakley Financial Group LLC now owns 30,838 shares of the company’s stock worth $2,084,000 after purchasing an additional 146 shares during the last quarter. Finally, Integral Investment Advisors Inc. increased its position in ARK Innovation ETF by 0.7% during the first quarter. Integral Investment Advisors Inc. now owns 21,887 shares of the company’s stock worth $1,479,000 after purchasing an additional 150 shares during the last quarter.

ARK Innovation ETF Price Performance

Shares of BATS ARKK opened at $84.59 on Monday. The company has a 50 day simple moving average of $79.04 and a 200-day simple moving average of $75.88. The company has a market capitalization of $8.01 billion, a P/E ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 1 year low of $62.94 and a 1 year 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.