Two Sigma Investments LP Buys New Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Two Sigma Investments LP bought a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,100 shares of the company’s stock, valued at approximately $573,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARKK. Apollon Wealth Management LLC grew its holdings in ARK Innovation ETF by 52.8% during the 4th quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock valued at $381,000 after buying an additional 2,316 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in ARK Innovation ETF by 22.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,984 shares of the company’s stock valued at $1,021,000 after buying an additional 3,239 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in ARK Innovation ETF during the 4th quarter valued at approximately $114,000. Empowered Funds LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter worth approximately $1,149,000. Finally, Savant Capital LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter worth approximately $203,000.

ARK Innovation ETF Stock Performance

Shares of ARK Innovation ETF stock opened at $61.13 on Monday. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 36.42 and a beta of 1.92. The stock has a 50 day moving average price of $51.24 and a 200-day moving average price of $55.65. ARK Innovation ETF has a one year low of $36.85 and a one year high of $68.43.

ARK Innovation ETF Company 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.