L1 Global Manager Pty Ltd Purchases Shares of 200,000 ARK Innovation ETF $ARKK

L1 Global Manager Pty Ltd purchased a new stake in shares of ARK Innovation ETF (BATS:ARKK) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 200,000 shares of the company’s stock, valued at approximately $15,384,000. ARK Innovation ETF comprises 10.2% of L1 Global Manager Pty Ltd’s investment portfolio, making the stock its 2nd biggest holding.

Several other large investors have also added to or reduced their stakes in ARKK. Caitlin John LLC purchased a new stake in ARK Innovation ETF during the 3rd quarter valued at about $27,000. Addison Advisors LLC purchased a new stake in shares of ARK Innovation ETF in the third quarter worth about $28,000. New Millennium Group LLC purchased a new stake in shares of ARK Innovation ETF in the third quarter worth about $31,000. Wealth Watch Advisors INC purchased a new stake in shares of ARK Innovation ETF in the third quarter worth about $32,000. Finally, Riggs Asset Managment Co. Inc. boosted its stake in shares of 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 buying an additional 458 shares during the last quarter.

ARK Innovation ETF Stock Up 0.3%

Shares of ARKK opened at $75.65 on Friday. ARK Innovation ETF has a 52 week low of $60.54 and a 52 week high of $92.65. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The stock’s 50-day moving average price is $75.95 and its 200-day moving average price is $75.93.

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 issued by ARK.