Independent Advisor Alliance Takes Position in ARK Innovation ETF (NYSEARCA:ARKK)

Independent Advisor Alliance acquired a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,405 shares of the company’s stock, valued at approximately $591,000.

Other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of ARK Innovation ETF in the 4th quarter valued at $68,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ARK Innovation ETF during the third quarter valued at approximately $76,000. Mainstream Capital Management LLC purchased a new stake in shares of ARK Innovation ETF during the fourth quarter valued at approximately $99,000. Hobbs Group Advisors LLC purchased a new stake in shares of ARK Innovation ETF during the third quarter valued at approximately $86,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of ARK Innovation ETF during the fourth quarter valued at approximately $114,000.

ARK Innovation ETF Stock Performance

NYSEARCA:ARKK opened at $49.19 on Monday. The firm has a market cap of $5.40 billion, a PE ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43. The business has a 50 day moving average price of $59.00 and a 200-day moving average price of $54.32.

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.