Mission Wealth Management LP lessened its holdings in ARK Innovation ETF (BATS:ARKK – Free Report) by 19.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 257,273 shares of the company’s stock after selling 63,400 shares during the period. Mission Wealth Management LP owned 0.28% of ARK Innovation ETF worth $19,789,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Caitlin John LLC purchased a new stake in shares of ARK Innovation ETF in the third quarter valued at about $27,000. Addison Advisors LLC purchased a new stake in shares of ARK Innovation ETF in the third quarter valued at about $28,000. New Millennium Group LLC purchased a new stake in shares of ARK Innovation ETF in the third quarter valued at about $31,000. Wealth Watch Advisors INC purchased a new stake in shares of ARK Innovation ETF in the third quarter valued at about $32,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of ARK Innovation ETF by 85.0% in the third quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock valued at $36,000 after purchasing an additional 192 shares in the last quarter.
ARK Innovation ETF Price Performance
Shares of BATS ARKK opened at $74.90 on Monday. ARK Innovation ETF has a 12-month low of $55.02 and a 12-month high of $92.65. The company has a market capitalization of $7.09 billion, a PE ratio of 50.14 and a beta of 1.92. The firm’s 50-day moving average is $73.25 and its two-hundred day moving average is $76.59.
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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