Belpointe Asset Management LLC Buys 17,357 Shares of ARK Innovation ETF $ARKK

Belpointe Asset Management LLC lifted its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 343.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,417 shares of the company’s stock after acquiring an additional 17,357 shares during the period. Belpointe Asset Management LLC’s holdings in ARK Innovation ETF were worth $1,935,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. raised its holdings in ARK Innovation ETF by 1,635.7% in the second quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock worth $34,000 after purchasing an additional 458 shares in the last quarter. DHJJ Financial Advisors Ltd. grew its position in shares of ARK Innovation ETF by 51,200.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock worth $36,000 after buying an additional 512 shares during the last quarter. Mather Group LLC. bought a new position in shares of ARK Innovation ETF during the 3rd quarter worth approximately $62,000. Private Wealth Asset Management LLC lifted its position in ARK Innovation ETF by 331.0% during the second quarter. Private Wealth Asset Management LLC now owns 905 shares of the company’s stock valued at $64,000 after acquiring an additional 695 shares during the last quarter. Finally, Kilter Group LLC acquired a new stake in ARK Innovation ETF in the second quarter valued at approximately $75,000.

ARK Innovation ETF Trading Down 0.2%

Shares of ARKK stock opened at $79.77 on Wednesday. ARK Innovation ETF has a 12-month low of $38.57 and a 12-month high of $92.65. The business’s fifty day simple moving average is $79.81 and its 200-day simple moving average is $80.24. The company has a market cap of $7.25 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.