PVG Asset Management Corp Takes $515,000 Position in ARK Innovation ETF $ARKK

PVG Asset Management Corp acquired a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,323 shares of the company’s stock, valued at approximately $515,000. ARK Innovation ETF makes up about 1.8% of PVG Asset Management Corp’s holdings, making the stock its 15th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of ARK Innovation ETF during the 2nd quarter valued at approximately $28,000. SJS Investment Consulting Inc. increased its position in shares of ARK Innovation ETF by 4,410.0% in the second quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock valued at $32,000 after buying an additional 441 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its position in shares of ARK Innovation ETF by 1,635.7% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock worth $34,000 after buying an additional 458 shares in the last quarter. DHJJ Financial Advisors Ltd. grew its stake in ARK Innovation ETF by 51,200.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock valued at $36,000 after acquiring an additional 512 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of ARK Innovation ETF during the 1st quarter worth approximately $28,000.

ARK Innovation ETF Stock Down 2.0%

NYSEARCA ARKK opened at $80.39 on Monday. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96. ARK Innovation ETF has a fifty-two week low of $38.57 and a fifty-two week high of $92.65. The business has a fifty day moving average of $83.27 and a 200-day moving average of $76.99.

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.