Murphy & Mullick Capital Management Corp Acquires Shares of 670 ARK Innovation ETF (NYSEARCA:ARKK)

Murphy & Mullick Capital Management Corp bought a new stake in ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 670 shares of the company’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in ARK Innovation ETF during the 3rd quarter valued at $76,000. D.A. Davidson & CO. lifted its position in shares of ARK Innovation ETF by 3.1% during the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock worth $579,000 after purchasing an additional 361 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in ARK Innovation ETF in the third quarter worth about $202,000. Centiva Capital LP increased its holdings in ARK Innovation ETF by 146.6% in the third quarter. Centiva Capital LP now owns 16,175 shares of the company’s stock valued at $769,000 after buying an additional 50,887 shares during the last quarter. Finally, IHT Wealth Management LLC raised its stake in ARK Innovation ETF by 17.2% during the third quarter. IHT Wealth Management LLC now owns 82,185 shares of the company’s stock valued at $3,939,000 after buying an additional 12,071 shares in the last quarter.

ARK Innovation ETF Stock Down 1.7 %

NYSEARCA:ARKK opened at $50.78 on Friday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $68.43. The company has a market cap of $5.57 billion, a PE ratio of 41.12 and a beta of 1.89. The business’s 50 day moving average is $57.70 and its two-hundred day moving average is $54.64.

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 managed by ARK.