Belpointe Asset Management LLC Invests $356,000 in ARK Innovation ETF $ARKK

Belpointe Asset Management LLC purchased a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,060 shares of the company’s stock, valued at approximately $356,000.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of ARK Innovation ETF by 57.6% during the 1st quarter. JPMorgan Chase & Co. now owns 3,890,615 shares of the company’s stock worth $185,115,000 after purchasing an additional 1,422,495 shares in the last quarter. Ascension Capital Advisors Inc. raised its stake in shares of ARK Innovation ETF by 0.3% during the 1st quarter. Ascension Capital Advisors Inc. now owns 375,005 shares of the company’s stock worth $17,843,000 after purchasing an additional 1,047 shares in the last quarter. Mission Wealth Management LP bought a new stake in shares of ARK Innovation ETF during the 1st quarter worth approximately $15,064,000. Venture Visionary Partners LLC raised its stake in shares of ARK Innovation ETF by 2.6% during the 2nd quarter. Venture Visionary Partners LLC now owns 284,547 shares of the company’s stock worth $20,001,000 after purchasing an additional 7,145 shares in the last quarter. Finally, Ardmore Road Asset Management LP bought a new stake in shares of ARK Innovation ETF during the 1st quarter worth approximately $12,847,000.

ARK Innovation ETF Stock Down 5.6%

Shares of ARK Innovation ETF stock opened at $86.52 on Friday. ARK Innovation ETF has a 12-month low of $38.57 and a 12-month high of $92.65. The stock has a market cap of $8.27 billion, a P/E ratio of 50.14 and a beta of 1.64. The business’s 50 day moving average is $79.62 and its 200-day moving average is $66.39.

ARK Innovation ETF Company 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.