Renaissance Technologies LLC Makes New $5.84 Million Investment in ARK Innovation ETF $ARKK

Renaissance Technologies LLC acquired a new stake in shares of ARK Innovation ETF (BATS:ARKK) during the first quarter, Holdings Channel reports. The institutional investor acquired 86,400 shares of the company’s stock, valued at approximately $5,840,000.

Several other hedge funds have also recently made changes to their positions in ARKK. Decker Retirement Planning Inc. raised its stake in ARK Innovation ETF by 38,300.0% in the 1st quarter. Decker Retirement Planning Inc. now owns 384 shares of the company’s stock worth $26,000 after acquiring an additional 383 shares during the last quarter. TD Capital Management LLC purchased a new stake in ARK Innovation ETF during the 4th quarter valued at about $30,000. Wealth Watch Advisors INC purchased a new stake in ARK Innovation ETF during the 3rd quarter valued at about $32,000. Riggs Asset Managment Co. Inc. increased 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 valued at $34,000 after purchasing an additional 458 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of ARK Innovation ETF by 85.0% in the third quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock worth $36,000 after purchasing an additional 192 shares during the last quarter.

ARK Innovation ETF Stock Down 0.8%

ARK Innovation ETF stock opened at $76.18 on Thursday. ARK Innovation ETF has a 52 week low of $62.94 and a 52 week high of $92.65. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The stock has a 50-day moving average price of $77.57 and a 200 day moving average price of $75.26.

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.