James Reed Financial Services Inc. purchased a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,262 shares of the company’s stock, valued at approximately $1,037,000. ARK Innovation ETF accounts for 1.1% of James Reed Financial Services Inc.’s investment portfolio, making the stock its 8th biggest position.
Several other large investors also recently bought and sold shares of ARKK. Kestra Investment Management LLC purchased a new stake in ARK Innovation ETF during the 4th quarter worth about $68,000. Brown Brothers Harriman & Co. acquired a new position in shares of ARK Innovation ETF during the 3rd quarter worth about $76,000. Hobbs Group Advisors LLC acquired a new position in shares of ARK Innovation ETF during the 3rd quarter worth about $86,000. Bank of Jackson Hole Trust acquired a new position in shares of ARK Innovation ETF during the 4th quarter worth about $114,000. Finally, Global Trust Asset Management LLC boosted its position in shares of ARK Innovation ETF by 221.5% during the 4th quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock worth $119,000 after acquiring an additional 1,440 shares in the last quarter.
ARK Innovation ETF Stock Down 4.6 %
Shares of NYSEARCA ARKK opened at $53.09 on Tuesday. The stock has a market cap of $5.52 billion, a PE ratio of 46.93 and a beta of 1.76. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43. The business has a 50-day moving average price of $60.51 and a 200 day moving average price of $53.97.
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.
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