Intellus Advisors LLC Buys New Stake in ARK Innovation ETF (NYSEARCA:ARKK)

Intellus Advisors LLC purchased a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,247 shares of the company’s stock, valued at approximately $638,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARKK. Moors & Cabot Inc. increased its position in shares of ARK Innovation ETF by 1.3% during the fourth quarter. Moors & Cabot Inc. now owns 20,650 shares of the company’s stock worth $1,172,000 after purchasing an additional 263 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in ARK Innovation ETF by 8.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,956 shares of the company’s stock worth $225,000 after buying an additional 312 shares during the last quarter. D.A. Davidson & CO. increased its position in ARK Innovation ETF by 3.1% during the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock worth $579,000 after buying an additional 361 shares during the period. Sandy Spring Bank lifted its stake in ARK Innovation ETF by 19.3% in the fourth quarter. Sandy Spring Bank now owns 2,231 shares of the company’s stock valued at $127,000 after buying an additional 361 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in shares of ARK Innovation ETF by 3.6% in the fourth quarter. Perigon Wealth Management LLC now owns 11,986 shares of the company’s stock valued at $704,000 after acquiring an additional 421 shares during the period.

ARK Innovation ETF Trading Up 3.0 %

Shares of ARKK opened at $51.50 on Friday. The company’s 50 day simple moving average is $58.09 and its 200-day simple moving average is $54.37. The firm has a market cap of $5.65 billion, a PE ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $68.43.

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.