Ieq Capital LLC Raises Position in ARK Innovation ETF $ARKK

Ieq Capital LLC increased its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 40.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,310 shares of the company’s stock after acquiring an additional 1,809 shares during the period. Ieq Capital LLC’s holdings in ARK Innovation ETF were worth $300,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Summit Investment Advisory Services LLC grew its holdings in shares of ARK Innovation ETF by 12.3% in the first quarter. Summit Investment Advisory Services LLC now owns 12,048 shares of the company’s stock valued at $573,000 after acquiring an additional 1,317 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of ARK Innovation ETF by 303.1% in the first quarter. Janney Montgomery Scott LLC now owns 112,074 shares of the company’s stock valued at $5,332,000 after acquiring an additional 84,269 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of ARK Innovation ETF in the fourth quarter valued at approximately $573,000. Farther Finance Advisors LLC grew its holdings in shares of ARK Innovation ETF by 10.2% in the first quarter. Farther Finance Advisors LLC now owns 14,917 shares of the company’s stock valued at $713,000 after acquiring an additional 1,376 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of ARK Innovation ETF by 2.4% in the first quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock valued at $675,000 after acquiring an additional 334 shares in the last quarter.

ARK Innovation ETF Stock Up 0.5%

ARKK stock opened at $75.37 on Friday. The firm has a market cap of $7.30 billion, a PE ratio of 50.14 and a beta of 1.64. The business has a 50 day moving average of $74.50 and a 200-day moving average of $61.13. ARK Innovation ETF has a 12-month low of $38.57 and a 12-month high of $79.19.

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.