ARK Innovation ETF $ARKK Shares Acquired by State of Wisconsin Investment Board

State of Wisconsin Investment Board boosted its stake in shares of ARK Innovation ETF (BATS:ARKK) by 95.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,804,342 shares of the company’s stock after purchasing an additional 1,372,438 shares during the quarter. ARK Innovation ETF makes up approximately 0.5% of State of Wisconsin Investment Board’s holdings, making the stock its 23rd largest position. State of Wisconsin Investment Board’s holdings in ARK Innovation ETF were worth $215,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in ARK Innovation ETF by 51.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,886,920 shares of the company’s stock valued at $335,441,000 after purchasing an additional 1,320,420 shares during the period. Orion Porfolio Solutions LLC boosted its position in ARK Innovation ETF by 8,291.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock valued at $113,120,000 after purchasing an additional 1,590,149 shares during the period. Qube Research & Technologies Ltd boosted its position in ARK Innovation ETF by 634.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock valued at $76,386,000 after purchasing an additional 764,653 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in ARK Innovation ETF by 620.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock valued at $50,046,000 after purchasing an additional 560,286 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in ARK Innovation ETF during the 3rd quarter valued at approximately $39,269,000.

ARK Innovation ETF Price Performance

BATS:ARKK opened at $79.08 on Wednesday. ARK Innovation ETF has a 12-month low of $62.94 and a 12-month high of $92.65. The firm has a market capitalization of $7.48 billion, a P/E ratio of 50.14 and a beta of 1.92. The business has a 50 day simple moving average of $76.38 and a 200 day simple moving average of $75.98.

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.