Rose Capital Advisors LLC purchased a new stake in ARK Innovation ETF (BATS:ARKK – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 39,945 shares of the company’s stock, valued at approximately $3,228,000. ARK Innovation ETF makes up 1.6% of Rose Capital Advisors LLC’s holdings, making the stock its 16th largest holding.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. raised its stake in shares of ARK Innovation ETF by 38,300.0% during 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 in the last quarter. Markowski Investments purchased a new stake in ARK Innovation ETF during the second quarter valued at approximately $26,000. TD Capital Management LLC acquired a new stake in ARK Innovation ETF in the fourth quarter valued at approximately $30,000. Wealth Watch Advisors INC acquired a new stake in ARK Innovation ETF in the third quarter valued at approximately $32,000. Finally, Riggs Asset Managment Co. Inc. grew its holdings in 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 worth $34,000 after purchasing an additional 458 shares during the last quarter.
ARK Innovation ETF Trading Down 1.1%
BATS ARKK opened at $86.22 on Friday. The firm’s fifty day simple moving average is $79.81 and its two-hundred day simple moving average is $76.35. The firm has a market capitalization of $8.16 billion, a P/E ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 12-month low of $62.94 and a 12-month high of $92.65.
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.
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