Whipplewood Advisors LLC Invests $2.25 Million in ARK Innovation ETF (NYSEARCA:ARKK)

Whipplewood Advisors LLC bought a new stake in ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 39,657 shares of the company’s stock, valued at approximately $2,251,000. ARK Innovation ETF comprises about 1.3% of Whipplewood Advisors LLC’s holdings, making the stock its 15th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kestra Investment Management LLC purchased a new stake in shares of ARK Innovation ETF in the fourth quarter worth about $68,000. Brown Brothers Harriman & Co. acquired a new position in ARK Innovation ETF in the third quarter valued at approximately $76,000. Hobbs Group Advisors LLC purchased a new stake in ARK Innovation ETF in the 3rd quarter worth approximately $86,000. Bank of Jackson Hole Trust acquired a new stake in shares of ARK Innovation ETF during the 4th quarter worth approximately $114,000. Finally, Global Trust Asset Management LLC increased its holdings in shares of ARK Innovation ETF by 221.5% during the 4th quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock valued at $119,000 after purchasing an additional 1,440 shares in the last quarter.

ARK Innovation ETF Price Performance

ARKK opened at $56.46 on Thursday. The stock has a market cap of $5.87 billion, a P/E ratio of 46.93 and a beta of 1.76. The firm has a fifty day moving average price of $60.78 and a 200 day moving average price of $53.63. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $68.43.

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 managed by ARK.