One Charles Private Wealth Services LLC raised its stake in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,800 shares of the company’s stock after purchasing an additional 7,010 shares during the quarter. ARK Innovation ETF makes up about 2.3% of One Charles Private Wealth Services LLC’s portfolio, making the stock its 10th biggest holding. One Charles Private Wealth Services LLC owned 0.08% of ARK Innovation ETF worth $6,971,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in ARK Innovation ETF during the fourth quarter worth $54,586,000. Strategic Financial Concepts LLC bought a new position in shares of ARK Innovation ETF in the 4th quarter valued at about $514,000. Y Intercept Hong Kong Ltd acquired a new position in shares of ARK Innovation ETF during the 3rd quarter worth about $6,545,000. Variant Private Wealth LLC bought a new stake in shares of ARK Innovation ETF in the 4th quarter valued at about $4,862,000. Finally, SteelPeak Wealth LLC acquired a new stake in ARK Innovation ETF in the 4th quarter valued at about $3,512,000.
ARK Innovation ETF Trading Down 0.1 %
Shares of NYSEARCA ARKK opened at $50.02 on Friday. The company has a market capitalization of $5.49 billion, a P/E ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $68.43. The stock has a 50 day moving average of $58.21 and a 200-day moving average of $54.32.
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 managed by ARK.
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