WealthTrak Capital Management LLC Invests $1.34 Million in ARK Innovation ETF (NYSEARCA:ARKK)

WealthTrak Capital Management LLC bought a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,627 shares of the company’s stock, valued at approximately $1,341,000. ARK Innovation ETF makes up about 1.1% of WealthTrak Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding.

Several other large investors also recently bought and sold shares of the business. Apollon Wealth Management LLC increased its holdings in shares of ARK Innovation ETF by 52.8% in the 4th quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock worth $381,000 after buying an additional 2,316 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in ARK Innovation ETF by 22.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,984 shares of the company’s stock worth $1,021,000 after acquiring an additional 3,239 shares during the last quarter. Caprock Group LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at approximately $293,000. Bank of Jackson Hole Trust bought a new stake in shares of ARK Innovation ETF in the 4th quarter valued at approximately $114,000. Finally, SFG Wealth Management LLC. purchased a new position in shares of ARK Innovation ETF in the 4th quarter worth approximately $224,000.

ARK Innovation ETF Stock Performance

NYSEARCA:ARKK opened at $48.70 on Friday. The firm has a market capitalization of $5.34 billion, a PE ratio of 41.12 and a beta of 1.89. The stock’s fifty day moving average is $57.48 and its 200 day moving average is $54.68. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43.

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.