Valen Private Capital LLC Makes New Investment in ARK Innovation ETF $ARKK

Valen Private Capital LLC acquired a new position in shares of ARK Innovation ETF (BATS:ARKK) in the third quarter, HoldingsChannel reports. The firm acquired 24,345 shares of the company’s stock, valued at approximately $2,169,000. ARK Innovation ETF accounts for approximately 0.7% of Valen Private Capital LLC’s holdings, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Luken Investment Analytics LLC acquired a new position in ARK Innovation ETF in the 2nd quarter valued at about $7,241,000. Renaissance Technologies LLC purchased a new position in ARK Innovation ETF in the 1st quarter valued at about $5,840,000. Elevation Point Wealth Partners LLC purchased a new position in ARK Innovation ETF in the 1st quarter valued at about $4,336,000. Quantitative Investment Management LLC purchased a new position in ARK Innovation ETF in the 2nd quarter valued at about $5,159,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of ARK Innovation ETF by 27.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 225,231 shares of the company’s stock worth $18,203,000 after purchasing an additional 48,003 shares during the last quarter.

ARK Innovation ETF Price Performance

ARK Innovation ETF stock opened at $81.99 on Friday. The firm’s 50-day moving average is $86.17 and its two-hundred day moving average is $80.26. The stock has a market capitalization of $7.76 billion, a P/E ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a 12-month low of $62.94 and a 12-month high of $94.82.

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.