Atlas Private Wealth Advisors Has $1.56 Million Position in ARK Innovation ETF $ARKK

Atlas Private Wealth Advisors reduced its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 37.0% during the third quarter, Holdings Channel.com reports. The fund owned 18,105 shares of the company’s stock after selling 10,655 shares during the period. Atlas Private Wealth Advisors’ holdings in ARK Innovation ETF were worth $1,562,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. grew its holdings in shares of ARK Innovation ETF by 1,635.7% during the second quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock valued at $34,000 after buying an additional 458 shares during the last quarter. DHJJ Financial Advisors Ltd. lifted its holdings in ARK Innovation ETF by 51,200.0% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock worth $36,000 after purchasing an additional 512 shares in the last quarter. Mather Group LLC. bought a new position in shares of ARK Innovation ETF in the third quarter worth $62,000. Private Wealth Asset Management LLC grew its holdings in shares of ARK Innovation ETF by 331.0% during the second quarter. Private Wealth Asset Management LLC now owns 905 shares of the company’s stock worth $64,000 after purchasing an additional 695 shares in the last quarter. Finally, Kilter Group LLC purchased a new stake in shares of ARK Innovation ETF during the 2nd quarter valued at $75,000.

ARK Innovation ETF Price Performance

ARKK opened at $74.87 on Friday. ARK Innovation ETF has a one year low of $38.57 and a one year high of $92.65. The business has a 50 day simple moving average of $80.05 and a two-hundred day simple moving average of $80.22. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96.

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.