Private Trust Co. NA Buys 5,785 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Private Trust Co. NA lifted its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 206.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,592 shares of the company’s stock after acquiring an additional 5,785 shares during the quarter. Private Trust Co. NA’s holdings in ARK Innovation ETF were worth $488,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Apollon Wealth Management LLC boosted its stake in shares of ARK Innovation ETF by 52.8% during the 4th quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock worth $381,000 after acquiring an additional 2,316 shares in the last quarter. Caprock Group LLC bought a new stake in shares of ARK Innovation ETF during the 4th quarter worth about $293,000. SFG Wealth Management LLC. bought a new stake in shares of ARK Innovation ETF during the 4th quarter worth about $224,000. Empowered Funds LLC bought a new stake in shares of ARK Innovation ETF during the 4th quarter worth about $1,149,000. Finally, Savant Capital LLC bought a new stake in shares of ARK Innovation ETF during the 4th quarter worth about $203,000.

ARK Innovation ETF Stock Performance

ARKK opened at $55.64 on Friday. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43. The company has a market cap of $5.79 billion, a PE ratio of 46.93 and a beta of 1.76. The stock has a 50-day moving average of $60.64 and a 200-day moving average of $53.82.

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 managed by ARK.