Turner Financial Group Inc. Invests $1.90 Million in ARK Innovation ETF $ARKK

Turner Financial Group Inc. acquired a new stake in shares of ARK Innovation ETF (BATS:ARKK) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 23,521 shares of the company’s stock, valued at approximately $1,901,000. ARK Innovation ETF makes up about 1.9% of Turner Financial Group Inc.’s investment portfolio, making the stock its 10th largest position.

Other institutional investors also recently bought and sold shares of the company. Orion Porfolio Solutions LLC lifted its holdings in ARK Innovation ETF by 8,291.5% during the second quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after buying an additional 1,590,149 shares during the period. State of Wisconsin Investment Board boosted its position in ARK Innovation ETF by 95.8% during the fourth quarter. State of Wisconsin Investment Board now owns 2,804,342 shares of the company’s stock valued at $215,710,000 after purchasing an additional 1,372,438 shares in the last quarter. BW Gestao de Investimentos Ltda. boosted its position in ARK Innovation ETF by 108.8% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 87,577 shares of the company’s stock valued at $6,736,000 after purchasing an additional 1,087,577 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in ARK Innovation ETF by 634.7% in the third 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in ARK Innovation ETF by 620.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock worth $50,046,000 after purchasing an additional 560,286 shares in the last quarter.

ARK Innovation ETF Stock Performance

ARKK stock opened at $86.22 on Friday. ARK Innovation ETF has a one year low of $62.94 and a one year high of $92.65. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The firm has a 50-day simple moving average of $79.81 and a two-hundred day simple moving average of $76.35.

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.