Mainstream Capital Management LLC Purchases New Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Mainstream Capital Management LLC purchased a new stake in ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,750 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in ARK Innovation ETF in the 4th quarter valued at about $68,000. Brown Brothers Harriman & Co. acquired a new position in ARK Innovation ETF in the 3rd quarter valued at about $76,000. Hobbs Group Advisors LLC acquired a new position in ARK Innovation ETF in the 3rd quarter valued at about $86,000. Bank of Jackson Hole Trust acquired a new position in ARK Innovation ETF in the 4th quarter valued at about $114,000. Finally, Global Trust Asset Management LLC increased its position in ARK Innovation ETF by 221.5% in the 4th quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock valued at $119,000 after acquiring an additional 1,440 shares during the period.

ARK Innovation ETF Trading Down 4.6 %

NYSEARCA ARKK opened at $53.09 on Tuesday. The business’s 50 day moving average is $60.51 and its two-hundred day moving average is $53.97. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $68.43. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 46.93 and a beta of 1.76.

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.