ARK Innovation ETF $ARKK Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its stake in ARK Innovation ETF (BATS:ARKK) by 13.7% in the first quarter, HoldingsChannel.com reports. The firm owned 96,333 shares of the company’s stock after acquiring an additional 11,577 shares during the quarter. Kestra Advisory Services LLC’s holdings in ARK Innovation ETF were worth $6,511,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Orion Porfolio Solutions LLC boosted its holdings in ARK Innovation ETF by 8,291.5% during the second quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after buying an additional 1,590,149 shares in the last quarter. State of Wisconsin Investment Board grew its position in ARK Innovation ETF by 95.8% during the fourth quarter. State of Wisconsin Investment Board now owns 2,804,342 shares of the company’s stock worth $215,710,000 after buying an additional 1,372,438 shares during the period. BW Gestao de Investimentos Ltda. increased its holdings in ARK Innovation ETF by 108.8% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 87,577 shares of the company’s stock valued at $6,736,000 after buying an additional 1,087,577 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in ARK Innovation ETF by 634.7% in the third quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock valued at $76,386,000 after buying an additional 764,653 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in ARK Innovation ETF by 620.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock valued at $50,046,000 after buying an additional 560,286 shares in the last quarter.

ARK Innovation ETF Trading Up 1.6%

ARKK stock opened at $79.52 on Wednesday. The firm has a 50 day moving average of $78.42 and a 200-day moving average of $75.91. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 12-month low of $62.94 and a 12-month 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.