DRW Securities LLC Buys 2,746 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

DRW Securities LLC lifted its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,719 shares of the company’s stock after buying an additional 2,746 shares during the period. DRW Securities LLC’s holdings in ARK Innovation ETF were worth $1,574,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in ARK Innovation ETF in the fourth quarter valued at $38,000. Graney & King LLC acquired a new position in ARK Innovation ETF during the fourth quarter worth about $61,000. Kestra Investment Management LLC bought a new position in ARK Innovation ETF in the fourth quarter valued at about $68,000. Mainstream Capital Management LLC bought a new stake in shares of ARK Innovation ETF in the fourth quarter worth $99,000. Finally, Hobbs Group Advisors LLC acquired a new position in ARK Innovation ETF in the third quarter valued at $86,000.

ARK Innovation ETF Price Performance

Shares of ARKK opened at $40.51 on Wednesday. The stock has a 50-day moving average of $54.72 and a 200-day moving average of $54.68. ARK Innovation ETF has a one year low of $36.85 and a one year high of $68.43. The company has a market cap of $4.23 billion, a PE ratio of 28.92 and a beta of 1.98.

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.