NewEdge Advisors LLC Raises Holdings in ARK Innovation ETF $ARKK

NewEdge Advisors LLC lifted its position in shares of ARK Innovation ETF (BATS:ARKK) by 37.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 148,191 shares of the company’s stock after acquiring an additional 40,003 shares during the quarter. NewEdge Advisors LLC owned approximately 0.16% of ARK Innovation ETF worth $10,016,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ARKK. Wealth Watch Advisors INC bought a new position in ARK Innovation ETF in the 3rd quarter worth approximately $32,000. Decker Retirement Planning Inc. lifted its position in shares of ARK Innovation ETF by 38,300.0% during the first quarter. Decker Retirement Planning Inc. now owns 384 shares of the company’s stock worth $26,000 after acquiring an additional 383 shares in the last quarter. TD Capital Management LLC bought a new position in shares of ARK Innovation ETF in the fourth quarter worth $30,000. Russell Investments Group Ltd. boosted its holdings in shares of ARK Innovation ETF by 85.0% in the third quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock worth $36,000 after acquiring an additional 192 shares during the period. Finally, Riggs Asset Managment Co. Inc. grew its position in shares of ARK Innovation ETF by 1,635.7% in the second quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock valued at $34,000 after purchasing an additional 458 shares in the last quarter.

ARK Innovation ETF Stock Performance

BATS:ARKK opened at $79.43 on Monday. The business’s fifty day moving average is $77.41 and its 200 day moving average is $75.20. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 52-week low of $62.94 and a 52-week high of $92.65.

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.