Rose Capital Advisors LLC Buys Shares of 39,945 ARK Innovation ETF $ARKK

Rose Capital Advisors LLC purchased a new stake in ARK Innovation ETF (BATS:ARKK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,945 shares of the company’s stock, valued at approximately $3,228,000. ARK Innovation ETF makes up 1.6% of Rose Capital Advisors LLC’s investment portfolio, making the stock its 16th biggest holding.

Several other hedge funds have also recently modified their holdings of the business. Orion Porfolio Solutions LLC boosted its stake in shares of 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 valued at $113,120,000 after purchasing an additional 1,590,149 shares in the last quarter. State of Wisconsin Investment Board increased its holdings 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 buying an additional 1,372,438 shares during the period. BW Gestao de Investimentos Ltda. raised its stake in ARK Innovation ETF by 108.8% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 87,577 shares of the company’s stock worth $6,736,000 after buying an additional 1,087,577 shares in the last quarter. Qube Research & Technologies Ltd raised 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 worth $76,386,000 after buying an additional 764,653 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in ARK Innovation ETF by 620.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock worth $50,046,000 after buying an additional 560,286 shares during the period.

ARK Innovation ETF Trading Down 1.1%

Shares of BATS ARKK opened at $86.22 on Friday. The stock has a market capitalization of $8.16 billion, a PE ratio of 50.14 and a beta of 1.92. The stock’s fifty day simple moving average is $79.81 and its two-hundred day simple moving average is $76.35. ARK Innovation ETF has a 12-month low of $62.94 and a 12-month high of $92.65.

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.