ARK Innovation ETF $ARKK Stake Raised by Ascension Capital Advisors Inc.

Ascension Capital Advisors Inc. boosted its position in ARK Innovation ETF (BATS:ARKK) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 382,968 shares of the company’s stock after purchasing an additional 9,985 shares during the period. ARK Innovation ETF makes up approximately 8.1% of Ascension Capital Advisors Inc.’s investment portfolio, making the stock its 5th biggest holding. Ascension Capital Advisors Inc. owned approximately 0.40% of ARK Innovation ETF worth $25,885,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ARKK. State of Wisconsin Investment Board raised its position in shares of ARK Innovation ETF by 95.8% in the 4th quarter. State of Wisconsin Investment Board now owns 2,804,342 shares of the company’s stock valued at $215,710,000 after purchasing an additional 1,372,438 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in ARK Innovation ETF by 8,291.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after purchasing an additional 1,590,149 shares during the period. Qube Research & Technologies Ltd raised its position in ARK Innovation ETF by 634.7% during the third quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock valued at $76,386,000 after acquiring an additional 764,653 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ARK Innovation ETF by 620.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock valued at $50,046,000 after purchasing an additional 560,286 shares during the period. Finally, Axxcess Wealth Management LLC raised its position in ARK Innovation ETF by 377.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 323,616 shares of the company’s stock worth $24,893,000 after acquiring an additional 255,790 shares during the period.

ARK Innovation ETF Stock Performance

Shares of ARKK stock opened at $76.03 on Thursday. ARK Innovation ETF has a fifty-two week low of $62.94 and a fifty-two week high of $92.65. The firm has a market capitalization of $7.20 billion, a P/E ratio of 50.14 and a beta of 1.92. The stock’s fifty day moving average is $78.16 and its two-hundred day moving average is $75.81.

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.