PCG Wealth Advisors LLC Buys New Stake in ARK Innovation ETF $ARKK

PCG Wealth Advisors LLC purchased a new stake in shares of ARK Innovation ETF (BATS:ARKK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,525 shares of the company’s stock, valued at approximately $1,416,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Focus Partners Wealth lifted its stake in shares of ARK Innovation ETF by 74.2% in the 1st quarter. Focus Partners Wealth now owns 7,095 shares of the company’s stock worth $338,000 after acquiring an additional 3,023 shares during the period. Franklin Resources Inc. acquired a new position in shares of ARK Innovation ETF during the second quarter valued at approximately $117,000. Qube Research & Technologies Ltd raised its holdings in ARK Innovation ETF by 15.4% during the second quarter. Qube Research & Technologies Ltd now owns 120,468 shares of the company’s stock worth $8,468,000 after purchasing an additional 16,052 shares in the last quarter. Quantinno Capital Management LP bought a new stake in ARK Innovation ETF during the second quarter worth approximately $450,000. Finally, Ausdal Financial Partners Inc. lifted its position in ARK Innovation ETF by 34.7% in the second quarter. Ausdal Financial Partners Inc. now owns 22,403 shares of the company’s stock worth $1,575,000 after purchasing an additional 5,769 shares during the period.

ARK Innovation ETF Stock Performance

Shares of BATS ARKK opened at $86.22 on Friday. ARK Innovation ETF has a 1 year low of $62.94 and a 1 year high of $92.65. The firm has a market cap of $8.16 billion, a P/E ratio of 50.14 and a beta of 1.92. The stock has a fifty day moving average price of $79.81 and a two-hundred day moving average price of $76.35.

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.