Rinkey Investments Invests $597,000 in ARK Innovation ETF $ARKK

Rinkey Investments purchased a new position in ARK Innovation ETF (BATS:ARKK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,383 shares of the company’s stock, valued at approximately $597,000.

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

ARK Innovation ETF Trading Up 1.2%

Shares of BATS:ARKK opened at $85.57 on Tuesday. The firm has a 50 day moving average of $79.18 and a 200-day moving average of $75.97. ARK Innovation ETF has a 12 month low of $62.94 and a 12 month high of $92.65. The stock has a market capitalization of $8.10 billion, a PE ratio of 50.14 and a beta of 1.92.

About ARK Innovation ETF

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.