NavPoint Financial Inc. grew its position in ARK Innovation ETF (BATS:ARKK – Free Report) by 72.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,040 shares of the company’s stock after acquiring an additional 8,430 shares during the period. NavPoint Financial Inc.’s holdings in ARK Innovation ETF were worth $1,541,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Caitlin John LLC bought a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at about $27,000. Addison Advisors LLC acquired a new stake in ARK Innovation ETF in the 3rd quarter valued at about $28,000. New Millennium Group LLC bought a new position in ARK Innovation ETF during the third quarter worth about $31,000. Wealth Watch Advisors INC acquired a new position in ARK Innovation ETF during the third quarter worth approximately $32,000. Finally, Russell Investments Group Ltd. increased its position in ARK Innovation ETF by 85.0% during the third quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock worth $36,000 after buying an additional 192 shares during the last quarter.
ARK Innovation ETF Price Performance
BATS:ARKK opened at $68.56 on Monday. The stock’s 50 day moving average price is $71.86 and its two-hundred day moving average price is $78.79. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 12-month low of $38.57 and a 12-month high of $92.65.
ARK Innovation ETF Company 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 issued by ARK.
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