Allianz SE Makes New Investment in ARK Innovation ETF $ARKK

Allianz SE acquired a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 269,802 shares of the company’s stock, valued at approximately $18,964,000. Allianz SE owned about 0.28% of ARK Innovation ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Good Life Advisors LLC increased its stake in ARK Innovation ETF by 3.4% in the second quarter. Good Life Advisors LLC now owns 8,792 shares of the company’s stock valued at $618,000 after purchasing an additional 287 shares in the last quarter. Nwam LLC lifted its position in ARK Innovation ETF by 6.8% during the 2nd quarter. Nwam LLC now owns 26,673 shares of the company’s stock worth $1,894,000 after buying an additional 1,697 shares in the last quarter. Prospera Financial Services Inc raised its stake in shares of ARK Innovation ETF by 30.9% during the 2nd quarter. Prospera Financial Services Inc now owns 15,204 shares of the company’s stock worth $1,070,000 after purchasing an additional 3,588 shares in the last quarter. Savant Capital LLC bought a new stake in shares of ARK Innovation ETF in the 2nd quarter valued at about $202,000. Finally, Atlantic Union Bankshares Corp bought a new stake in ARK Innovation ETF in the 2nd quarter valued at $92,000.

ARK Innovation ETF Stock Down 0.8%

Shares of ARKK stock opened at $81.36 on Thursday. The firm has a 50 day moving average price of $84.72 and a two-hundred day moving average price of $73.10. ARK Innovation ETF has a 12-month low of $38.57 and a 12-month high of $92.65. The company has a market capitalization of $7.81 billion, a PE ratio of 50.14 and a beta of 1.96.

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.