15,142 Shares in ARK Innovation ETF (NYSEARCA:ARKK) Acquired by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC purchased a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,142 shares of the company’s stock, valued at approximately $860,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Moors & Cabot Inc. grew its stake in shares of ARK Innovation ETF by 1.3% during the fourth quarter. Moors & Cabot Inc. now owns 20,650 shares of the company’s stock valued at $1,172,000 after purchasing an additional 263 shares during the last quarter. Arete Wealth Advisors LLC grew its stake in ARK Innovation ETF by 1.8% in the fourth quarter. Arete Wealth Advisors LLC now owns 17,002 shares of the company’s stock valued at $971,000 after acquiring an additional 297 shares during the period. Cullen Frost Bankers Inc. increased its stake in ARK Innovation ETF by 8.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,956 shares of the company’s stock worth $225,000 after purchasing an additional 312 shares in the last quarter. Sandy Spring Bank increased its position in shares of ARK Innovation ETF by 19.3% during the fourth quarter. Sandy Spring Bank now owns 2,231 shares of the company’s stock worth $127,000 after acquiring an additional 361 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in ARK Innovation ETF by 3.6% during the 4th quarter. Perigon Wealth Management LLC now owns 11,986 shares of the company’s stock worth $704,000 after purchasing an additional 421 shares in the last quarter.

ARK Innovation ETF Stock Performance

Shares of ARK Innovation ETF stock opened at $57.40 on Tuesday. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43. The firm has a market cap of $5.85 billion, a PE ratio of 32.74 and a beta of 1.94. The business’s 50 day simple moving average is $49.26 and its 200 day simple moving average is $55.32.

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.