Compass Financial Group INC SD Invests $259,000 in ARK Innovation ETF $ARKK

Compass Financial Group INC SD purchased a new position in ARK Innovation ETF (NYSEARCA:ARKK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,691 shares of the company’s stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARKK. Two Sigma Investments LP purchased a new position in shares of ARK Innovation ETF in the fourth quarter worth about $573,000. RFG Advisory LLC lifted its stake in shares of ARK Innovation ETF by 61.2% in the first quarter. RFG Advisory LLC now owns 6,555 shares of the company’s stock worth $312,000 after buying an additional 2,488 shares in the last quarter. Horizon Wealth Management LLC lifted its stake in shares of ARK Innovation ETF by 3.4% in the first quarter. Horizon Wealth Management LLC now owns 7,426 shares of the company’s stock worth $353,000 after buying an additional 243 shares in the last quarter. KFG Wealth Management LLC purchased a new position in shares of ARK Innovation ETF in the first quarter worth about $1,170,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of ARK Innovation ETF by 1.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 27,224 shares of the company’s stock worth $1,295,000 after buying an additional 291 shares in the last quarter.

ARK Innovation ETF Trading Down 1.0%

NYSEARCA:ARKK opened at $88.32 on Friday. The company’s 50-day moving average price is $78.07 and its 200-day moving average price is $65.17. The company has a market cap of $8.32 billion, a P/E ratio of 50.14 and a beta of 1.64. ARK Innovation ETF has a twelve month low of $38.57 and a twelve month high of $89.62.

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.