Commonwealth Financial Services LLC Invests $511,000 in ARK Innovation ETF $ARKK

Commonwealth Financial Services LLC purchased a new position in shares of ARK Innovation ETF (BATS:ARKK) in the fourth quarter, HoldingsChannel reports. The fund purchased 6,638 shares of the company’s stock, valued at approximately $511,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC grew its holdings in shares of ARK Innovation ETF by 3.2% during the third quarter. Golden State Wealth Management LLC now owns 3,701 shares of the company’s stock worth $319,000 after buying an additional 116 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of ARK Innovation ETF by 1.2% during the fourth quarter. D.A. Davidson & CO. now owns 11,315 shares of the company’s stock worth $870,000 after buying an additional 133 shares in the last quarter. Prime Capital Investment Advisors LLC grew its holdings in shares of ARK Innovation ETF by 3.4% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,272 shares of the company’s stock worth $369,000 after buying an additional 139 shares in the last quarter. Graney & King LLC grew its holdings in shares of ARK Innovation ETF by 16.6% during the third quarter. Graney & King LLC now owns 998 shares of the company’s stock worth $86,000 after buying an additional 142 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its holdings in shares of ARK Innovation ETF by 5.2% during the fourth quarter. Transcend Capital Advisors LLC now owns 3,031 shares of the company’s stock worth $233,000 after buying an additional 150 shares in the last quarter.

ARK Innovation ETF Price Performance

Shares of BATS ARKK opened at $76.62 on Friday. The company has a market cap of $7.25 billion, a PE ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 12 month low of $55.02 and a 12 month high of $92.65. The company has a 50-day simple moving average of $73.39 and a 200-day simple moving average of $76.21.

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.