Interactive Financial Advisors Inc. decreased its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 3.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,940 shares of the company’s stock after selling 453 shares during the quarter. Interactive Financial Advisors Inc.’s holdings in ARK Innovation ETF were worth $568,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARKK. Bellwether Advisors LLC purchased a new stake in shares of ARK Innovation ETF in the 4th quarter valued at approximately $29,000. Murphy & Mullick Capital Management Corp acquired a new position in ARK Innovation ETF in the fourth quarter valued at approximately $38,000. GoalVest Advisory LLC grew its position in ARK Innovation ETF by 48.4% in the first quarter. GoalVest Advisory LLC now owns 920 shares of the company’s stock worth $44,000 after acquiring an additional 300 shares during the period. Opal Wealth Advisors LLC purchased a new position in ARK Innovation ETF in the first quarter worth approximately $44,000. Finally, Park Square Financial Group LLC acquired a new stake in ARK Innovation ETF during the fourth quarter worth $59,000.
ARK Innovation ETF Stock Up 0.7%
NYSEARCA:ARKK opened at $71.09 on Friday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $71.29. The stock’s fifty day moving average is $59.89 and its two-hundred day moving average is $56.72. The company has a market capitalization of $6.79 billion, a P/E ratio of 50.14 and a beta of 1.64.
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.
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