Fiduciary Family Office LLC Takes $263,000 Position in ARK Innovation ETF $ARKK

Fiduciary Family Office LLC purchased a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,745 shares of the company’s stock, valued at approximately $263,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fiduciary Alliance LLC lifted its holdings in ARK Innovation ETF by 2.9% during the 2nd quarter. Fiduciary Alliance LLC now owns 6,459 shares of the company’s stock worth $454,000 after purchasing an additional 180 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in ARK Innovation ETF by 4.2% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,618 shares of the company’s stock worth $325,000 after purchasing an additional 187 shares in the last quarter. Principal Securities Inc. lifted its holdings in ARK Innovation ETF by 3.9% during the 1st quarter. Principal Securities Inc. now owns 6,629 shares of the company’s stock worth $315,000 after purchasing an additional 250 shares in the last quarter. Straight Path Wealth Management lifted its holdings in ARK Innovation ETF by 2.4% during the 2nd quarter. Straight Path Wealth Management now owns 12,496 shares of the company’s stock worth $878,000 after purchasing an additional 292 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in ARK Innovation ETF by 2.4% during the 1st quarter. IFP Advisors Inc now owns 14,192 shares of the company’s stock worth $675,000 after purchasing an additional 334 shares in the last quarter.

ARK Innovation ETF Stock Performance

Shares of ARKK opened at $88.65 on Wednesday. The stock’s 50-day simple moving average is $81.50 and its 200 day simple moving average is $68.46. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 50.14 and a beta of 1.64. ARK Innovation ETF has a 52-week low of $38.57 and a 52-week 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 managed by ARK.