Trek Financial LLC Makes New $2.59 Million Investment in ARK Innovation ETF (NYSEARCA:ARKK)

Trek Financial LLC bought a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 45,698 shares of the company’s stock, valued at approximately $2,594,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in ARK Innovation ETF during the 4th quarter valued at approximately $54,586,000. Strategic Financial Concepts LLC bought a new stake in ARK Innovation ETF in the fourth quarter valued at $514,000. Envestnet Asset Management Inc. boosted its holdings in shares of ARK Innovation ETF by 69.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 535,428 shares of the company’s stock valued at $30,396,000 after acquiring an additional 219,092 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of ARK Innovation ETF during the third quarter worth about $6,545,000. Finally, National Bank of Canada FI increased its holdings in shares of ARK Innovation ETF by 575.8% in the 4th quarter. National Bank of Canada FI now owns 121,069 shares of the company’s stock worth $6,873,000 after acquiring an additional 103,155 shares during the period.

ARK Innovation ETF Stock Down 7.0 %

ARK Innovation ETF stock opened at $41.94 on Monday. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 28.92 and a beta of 1.98. The firm has a 50-day moving average price of $55.95 and a two-hundred day moving average price of $54.86.

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.