Golden State Wealth Management LLC lifted its position in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 80.3% during the first quarter, HoldingsChannel reports. The fund owned 7,310 shares of the company’s stock after acquiring an additional 3,255 shares during the quarter. Golden State Wealth Management LLC’s holdings in ARK Innovation ETF were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in ARKK. Bellwether Advisors LLC acquired a new position in shares of ARK Innovation ETF during the fourth quarter worth about $29,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of ARK Innovation ETF during the fourth quarter worth about $38,000. GoalVest Advisory LLC increased its stake in shares of ARK Innovation ETF by 48.4% during the first quarter. GoalVest Advisory LLC now owns 920 shares of the company’s stock worth $44,000 after acquiring an additional 300 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of ARK Innovation ETF during the first quarter worth about $44,000. Finally, Park Square Financial Group LLC acquired a new position in shares of ARK Innovation ETF during the fourth quarter worth about $59,000.
ARK Innovation ETF Stock Down 1.7%
Shares of ARK Innovation ETF stock opened at $69.84 on Friday. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $71.29. The company’s 50-day simple moving average is $57.64 and its 200-day simple moving average is $56.45. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 50.14 and a beta of 1.64.
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 managed by ARK.
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