Vontobel Holding Ltd. Takes $1.31 Million Position in ARK Innovation ETF $ARKK

Vontobel Holding Ltd. bought a new stake in ARK Innovation ETF (NYSEARCA:ARKK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,120 shares of the company’s stock, valued at approximately $1,305,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC grew its stake in shares of ARK Innovation ETF by 8,291.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock valued at $113,120,000 after purchasing an additional 1,590,149 shares during the period. Clear Street LLC acquired a new stake in ARK Innovation ETF in the 2nd quarter valued at $19,718,000. Ardmore Road Asset Management LP bought a new stake in ARK Innovation ETF in the first quarter valued at $12,847,000. Allianz SE acquired a new position in ARK Innovation ETF during the second quarter worth $18,964,000. Finally, Caption Management LLC bought a new position in shares of ARK Innovation ETF during the first quarter valued at $7,713,000.

ARK Innovation ETF Stock Performance

ARKK opened at $79.70 on Friday. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96. The firm’s 50-day simple moving average is $81.48 and its 200-day simple moving average is $78.34. ARK Innovation ETF has a twelve month low of $38.57 and a twelve month high of $92.65.

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.