Independent Advisor Alliance acquired a new stake in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) 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.
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