ARK Innovation ETF (NYSEARCA:ARKK) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in ARK Innovation ETF (NYSEARCA:ARKK) by 24.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,910 shares of the company’s stock after purchasing an additional 951 shares during the period. Bank of New York Mellon Corp’s holdings in ARK Innovation ETF were worth $234,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Horizon Wealth Management LLC grew its holdings in ARK Innovation ETF by 3.4% in the first quarter. Horizon Wealth Management LLC now owns 7,426 shares of the company’s stock valued at $353,000 after purchasing an additional 243 shares during the last quarter. Post Resch Tallon Group Inc. grew its holdings in ARK Innovation ETF by 0.8% in the first quarter. Post Resch Tallon Group Inc. now owns 32,648 shares of the company’s stock valued at $1,544,000 after purchasing an additional 251 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in ARK Innovation ETF by 1.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 27,224 shares of the company’s stock valued at $1,295,000 after purchasing an additional 291 shares during the last quarter. HBW Advisory Services LLC grew its holdings in ARK Innovation ETF by 2.2% in the first quarter. HBW Advisory Services LLC now owns 13,569 shares of the company’s stock valued at $646,000 after purchasing an additional 295 shares during the last quarter. Finally, GoalVest Advisory LLC grew its holdings in ARK Innovation ETF by 48.4% in the first quarter. GoalVest Advisory LLC now owns 920 shares of the company’s stock valued at $44,000 after purchasing an additional 300 shares during the last quarter.

ARK Innovation ETF Stock Down 1.3%

Shares of NYSEARCA:ARKK opened at $72.63 on Wednesday. ARK Innovation ETF has a 52-week low of $38.57 and a 52-week high of $79.19. The stock’s fifty day simple moving average is $68.86 and its 200-day simple moving average is $59.12. The company has a market capitalization of $7.03 billion, a P/E ratio of 50.14 and a beta of 1.64.

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.