Luken Investment Analytics LLC Acquires Shares of 89,592 ARK Innovation ETF $ARKK

Luken Investment Analytics LLC acquired a new position in shares of ARK Innovation ETF (BATS:ARKK) in the second quarter, Holdings Channel reports. The fund acquired 89,592 shares of the company’s stock, valued at approximately $7,241,000. ARK Innovation ETF comprises 2.5% of Luken Investment Analytics LLC’s investment portfolio, making the stock its 17th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of ARKK. Wealth Watch Advisors INC acquired a new position in shares of ARK Innovation ETF in the third quarter valued at approximately $32,000. Decker Retirement Planning Inc. lifted its holdings 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 purchasing an additional 383 shares during the period. TD Capital Management LLC acquired a new stake in shares of ARK Innovation ETF during the fourth quarter worth $30,000. Russell Investments Group Ltd. grew its position in ARK Innovation ETF by 85.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock valued at $36,000 after buying an additional 192 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its position in ARK Innovation ETF by 1,635.7% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock valued at $34,000 after buying an additional 458 shares during the last quarter.

ARK Innovation ETF Stock Performance

Shares of ARKK opened at $83.08 on Wednesday. The stock has a market capitalization of $7.86 billion, a P/E ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 1 year low of $62.94 and a 1 year high of $92.65. The company’s fifty day moving average is $79.31 and its two-hundred day moving average is $76.06.

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.