Post Resch Tallon Group Inc. Raises Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Post Resch Tallon Group Inc. boosted its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 0.8% during the 1st quarter, HoldingsChannel reports. The firm owned 32,648 shares of the company’s stock after purchasing an additional 251 shares during the period. ARK Innovation ETF accounts for approximately 1.6% of Post Resch Tallon Group Inc.’s investment portfolio, making the stock its 21st biggest holding. Post Resch Tallon Group Inc.’s holdings in ARK Innovation ETF were worth $1,544,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARKK. Raymond James Financial Inc. purchased a new position in ARK Innovation ETF during the 4th quarter worth $54,586,000. Toronto Dominion Bank lifted its stake in shares of ARK Innovation ETF by 10,526.8% in the 4th quarter. Toronto Dominion Bank now owns 457,697 shares of the company’s stock worth $25,983,000 after acquiring an additional 453,390 shares during the period. Mission Wealth Management LP acquired a new stake in shares of ARK Innovation ETF in the 1st quarter worth $15,064,000. Envestnet Asset Management Inc. lifted its stake in shares of ARK Innovation ETF by 69.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 535,428 shares of the company’s stock worth $30,396,000 after acquiring an additional 219,092 shares during the period. Finally, IMC Chicago LLC acquired a new stake in shares of ARK Innovation ETF in the 1st quarter worth $8,592,000.

ARK Innovation ETF Stock Performance

ARKK stock opened at $67.73 on Monday. ARK Innovation ETF has a one year low of $36.85 and a one year high of $68.73. The stock has a market capitalization of $6.64 billion, a PE ratio of 36.42 and a beta of 1.92. The company has a fifty day moving average of $55.21 and a 200-day moving average of $56.08.

ARK Innovation ETF 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.