NFSG Corp Increases Stock Position in ARK Innovation ETF $ARKK

NFSG Corp lifted its position in shares of ARK Innovation ETF (BATS:ARKK) by 199.7% during the first quarter, Holdings Channel reports. The firm owned 10,505 shares of the company’s stock after acquiring an additional 7,000 shares during the period. NFSG Corp’s holdings in ARK Innovation ETF were worth $710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. increased its stake in ARK Innovation ETF by 38,300.0% in the 1st quarter. Decker Retirement Planning Inc. now owns 384 shares of the company’s stock valued at $26,000 after buying an additional 383 shares during the last quarter. TD Capital Management LLC purchased a new position in shares of ARK Innovation ETF in the 4th quarter worth approximately $30,000. Wealth Watch Advisors INC purchased a new position in shares of ARK Innovation ETF in the 3rd quarter worth approximately $32,000. Riggs Asset Managment Co. Inc. grew its holdings 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 valued at $34,000 after acquiring an additional 458 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of ARK Innovation ETF by 85.0% in the third quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock valued at $36,000 after acquiring an additional 192 shares in the last quarter.

ARK Innovation ETF Trading Up 0.1%

Shares of ARKK opened at $79.60 on Thursday. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The stock has a 50 day moving average of $78.42 and a 200 day moving average of $75.90. ARK Innovation ETF has a 12 month low of $62.94 and a 12 month 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 issued by ARK.