Modern Wealth Management LLC Acquires Shares of 14,741 ARK Innovation ETF (NYSEARCA:ARKK)

Modern Wealth Management LLC bought a new position in ARK Innovation ETF (NYSEARCA:ARKK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,741 shares of the company’s stock, valued at approximately $925,000.

Other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC bought a new position in shares of ARK Innovation ETF during the fourth quarter valued at $68,000. Brown Brothers Harriman & Co. bought a new position in ARK Innovation ETF during the 3rd quarter valued at about $76,000. Hobbs Group Advisors LLC acquired a new position in ARK Innovation ETF in the third quarter valued at about $86,000. Mainstream Capital Management LLC bought a new stake in ARK Innovation ETF during the fourth quarter worth about $99,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of ARK Innovation ETF during the fourth quarter worth approximately $114,000.

ARK Innovation ETF Price Performance

Shares of ARKK opened at $51.66 on Thursday. The business’s 50 day simple moving average is $57.85 and its 200-day simple moving average is $54.67. ARK Innovation ETF has a one year low of $36.85 and a one year high of $68.43. The company has a market capitalization of $5.67 billion, a P/E ratio of 41.12 and a beta of 1.89.

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.