Grant Private Wealth Management Inc Acquires New Shares in ARK Innovation ETF (NYSEARCA:ARKK)

Grant Private Wealth Management Inc bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 26,105 shares of the company’s stock, valued at approximately $1,482,000. ARK Innovation ETF makes up 1.6% of Grant Private Wealth Management Inc’s portfolio, making the stock its 20th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of ARK Innovation ETF during the fourth quarter valued at approximately $38,000. Graney & King LLC bought a new stake in ARK Innovation ETF during the 4th quarter valued at $61,000. Kestra Investment Management LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter valued at $68,000. Hobbs Group Advisors LLC bought a new position in shares of ARK Innovation ETF in the 3rd quarter worth $86,000. Finally, Mainstream Capital Management LLC purchased a new stake in shares of ARK Innovation ETF during the 4th quarter worth $99,000.

ARK Innovation ETF Price Performance

ARKK opened at $49.15 on Thursday. The firm has a market capitalization of $5.13 billion, a PE ratio of 28.92 and a beta of 1.98. The business’s 50-day moving average is $56.70 and its two-hundred day moving average is $54.83. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $68.43.

ARK Innovation ETF Company 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.