ARK Innovation ETF $ARKK Shares Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 18.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,468 shares of the company’s stock after buying an additional 6,739 shares during the period. Arkadios Wealth Advisors’ holdings in ARK Innovation ETF were worth $3,665,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Orion Porfolio Solutions LLC grew its holdings in shares of ARK Innovation ETF by 8,291.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after acquiring an additional 1,590,149 shares during the period. Clear Street LLC purchased a new stake in ARK Innovation ETF during the second quarter worth $19,718,000. Allianz SE acquired a new stake in ARK Innovation ETF in the second quarter valued at $18,964,000. Y Intercept Hong Kong Ltd purchased a new position in shares of ARK Innovation ETF in the second quarter valued at $9,243,000. Finally, Concurrent Investment Advisors LLC raised its stake in shares of ARK Innovation ETF by 693.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 113,347 shares of the company’s stock worth $7,967,000 after buying an additional 99,067 shares during the last quarter.

ARK Innovation ETF Stock Up 1.3%

ARK Innovation ETF stock opened at $80.29 on Thursday. The firm has a market capitalization of $7.34 billion, a PE ratio of 50.14 and a beta of 1.96. ARK Innovation ETF has a 52 week low of $38.57 and a 52 week high of $92.65. The firm’s 50-day simple moving average is $79.45 and its 200 day simple moving average is $79.94.

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.