Dakota Wealth Management Takes Position in ARK Innovation ETF $ARKK

Dakota Wealth Management acquired a new position in shares of ARK Innovation ETF (BATS:ARKK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 26,008 shares of the company’s stock, valued at approximately $2,001,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caitlin John LLC purchased a new position in ARK Innovation ETF in the 3rd quarter worth about $27,000. Addison Advisors LLC acquired a new stake in ARK Innovation ETF during the 3rd quarter worth about $28,000. New Millennium Group LLC purchased a new stake in ARK Innovation ETF during the third quarter valued at about $31,000. Wealth Watch Advisors INC acquired a new position in shares of ARK Innovation ETF in the third quarter worth about $32,000. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in shares of 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 buying an additional 458 shares during the period.

ARK Innovation ETF Price Performance

ARK Innovation ETF stock opened at $64.63 on Friday. ARK Innovation ETF has a fifty-two week low of $38.57 and a fifty-two week high of $92.65. The firm’s 50 day simple moving average is $73.23 and its 200-day simple moving average is $79.17. The company has a market cap of $6.12 billion, a P/E ratio of 50.14 and a beta of 1.92.

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 issued by ARK.