Geneos Wealth Management Inc. Has $397,000 Stock Position in ARK Innovation ETF $ARKK

Geneos Wealth Management Inc. lowered its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 4.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,333 shares of the company’s stock after selling 354 shares during the period. Geneos Wealth Management Inc.’s holdings in ARK Innovation ETF were worth $397,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ARKK. Comerica Bank raised its holdings in shares of ARK Innovation ETF by 57.0% during the 4th quarter. Comerica Bank now owns 4,375 shares of the company’s stock worth $248,000 after buying an additional 1,588 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of ARK Innovation ETF during the 4th quarter worth $231,000. Snowden Capital Advisors LLC acquired a new position in ARK Innovation ETF in the 4th quarter worth about $860,000. Toronto Dominion Bank increased its holdings in ARK Innovation ETF by 10,526.8% in the 4th quarter. Toronto Dominion Bank now owns 457,697 shares of the company’s stock worth $25,983,000 after purchasing an additional 453,390 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in ARK Innovation ETF in the 4th quarter worth about $573,000.

ARK Innovation ETF Stock Up 0.3%

Shares of ARKK opened at $78.57 on Monday. ARK Innovation ETF has a 12-month low of $38.57 and a 12-month high of $79.19. The business has a 50-day simple moving average of $75.17 and a two-hundred day simple moving average of $61.77. The stock has a market cap of $7.61 billion, a PE ratio of 50.14 and a beta of 1.64.

About ARK Innovation ETF

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.