ARK Innovation ETF $ARKK Stake Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 51.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,886,920 shares of the company’s stock after acquiring an additional 1,320,420 shares during the period. JPMorgan Chase & Co.’s holdings in ARK Innovation ETF were worth $335,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of ARKK. Orion Porfolio Solutions LLC lifted its holdings in shares of ARK Innovation ETF by 8,291.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock valued at $113,120,000 after buying an additional 1,590,149 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in ARK Innovation ETF by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 413,265 shares of the company’s stock valued at $35,665,000 after acquiring an additional 60,451 shares during the last quarter. Mission Wealth Management LP lifted its stake in ARK Innovation ETF by 3.1% in the second quarter. Mission Wealth Management LP now owns 326,428 shares of the company’s stock valued at $22,945,000 after acquiring an additional 9,829 shares during the last quarter. Venture Visionary Partners LLC grew its position in ARK Innovation ETF by 0.9% in the third quarter. Venture Visionary Partners LLC now owns 287,094 shares of the company’s stock worth $24,776,000 after acquiring an additional 2,547 shares in the last quarter. Finally, Clear Street LLC acquired a new position in shares of ARK Innovation ETF during the 2nd quarter worth $19,718,000.

ARK Innovation ETF Trading Up 1.2%

ARK Innovation ETF stock opened at $72.24 on Friday. ARK Innovation ETF has a 1-year low of $38.57 and a 1-year high of $92.65. The firm’s fifty day simple moving average is $77.48 and its 200-day simple moving average is $79.77. The company has a market capitalization of $6.62 billion, a P/E ratio of 50.14 and a beta of 1.96.

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 managed by ARK.