Quantitative Investment Management LLC Makes New $5.16 Million Investment in ARK Innovation ETF $ARKK

Quantitative Investment Management LLC purchased a new stake in ARK Innovation ETF (BATS:ARKK) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 63,839 shares of the company’s stock, valued at approximately $5,159,000.

Other institutional investors have also modified their holdings of the company. Orion Porfolio Solutions LLC increased its position in shares of ARK Innovation ETF by 8,291.5% during the second quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after acquiring an additional 1,590,149 shares during the period. State of Wisconsin Investment Board boosted its holdings in ARK Innovation ETF by 95.8% in the fourth quarter. State of Wisconsin Investment Board now owns 2,804,342 shares of the company’s stock valued at $215,710,000 after purchasing an additional 1,372,438 shares during the period. BW Gestao de Investimentos Ltda. boosted its holdings in ARK Innovation ETF by 108.8% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 87,577 shares of the company’s stock valued at $6,736,000 after purchasing an additional 1,087,577 shares during the period. Qube Research & Technologies Ltd grew its stake in ARK Innovation ETF by 634.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock worth $76,386,000 after purchasing an additional 764,653 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in ARK Innovation ETF by 620.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 650,621 shares of the company’s stock worth $50,046,000 after purchasing an additional 560,286 shares in the last quarter.

ARK Innovation ETF Price Performance

Shares of BATS ARKK opened at $84.59 on Monday. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 50.14 and a beta of 1.92. The stock’s 50-day moving average is $79.04 and its two-hundred day moving average is $75.88. ARK Innovation ETF has a 1-year low of $62.94 and a 1-year high of $92.65.

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 issued by ARK.