SteelPeak Wealth LLC Buys 7,108 Shares of ARK Innovation ETF $ARKK

SteelPeak Wealth LLC lifted its stake in shares of ARK Innovation ETF (BATS:ARKK) by 121.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,967 shares of the company’s stock after purchasing an additional 7,108 shares during the period. SteelPeak Wealth LLC’s holdings in ARK Innovation ETF were worth $876,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. raised its position 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 worth $26,000 after purchasing an additional 383 shares during the last quarter. TD Capital Management LLC bought a new position in ARK Innovation ETF in the 4th quarter valued at $30,000. Wealth Watch Advisors INC acquired a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at $32,000. Riggs Asset Managment Co. Inc. increased its stake in shares of ARK Innovation ETF by 1,635.7% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock valued at $34,000 after buying an additional 458 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of ARK Innovation ETF by 85.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock valued at $36,000 after buying an additional 192 shares during the period.

ARK Innovation ETF Stock Down 1.9%

ARKK stock opened at $75.20 on Friday. ARK Innovation ETF has a twelve month low of $62.94 and a twelve month high of $92.65. The company has a market cap of $7.12 billion, a P/E ratio of 50.14 and a beta of 1.92. The business has a fifty day moving average of $78.31 and a 200-day moving average of $75.87.

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.