Sandy Spring Bank Purchases 361 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Sandy Spring Bank lifted its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,231 shares of the company’s stock after purchasing an additional 361 shares during the period. Sandy Spring Bank’s holdings in ARK Innovation ETF were worth $127,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ARKK. Thrivent Financial for Lutherans increased its stake in shares of ARK Innovation ETF by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 84,254 shares of the company’s stock worth $4,005,000 after purchasing an additional 890 shares during the last quarter. Banco Santander S.A. increased its stake in shares of ARK Innovation ETF by 3.3% during the 3rd quarter. Banco Santander S.A. now owns 22,039 shares of the company’s stock worth $1,048,000 after purchasing an additional 700 shares during the last quarter. Nwam LLC purchased a new stake in shares of ARK Innovation ETF during the 3rd quarter worth approximately $1,261,000. Great Valley Advisor Group Inc. grew its stake in ARK Innovation ETF by 2.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 22,030 shares of the company’s stock valued at $1,047,000 after buying an additional 480 shares in the last quarter. Finally, DRW Securities LLC grew its stake in ARK Innovation ETF by 33.3% in the 3rd quarter. DRW Securities LLC now owns 24,973 shares of the company’s stock valued at $1,187,000 after buying an additional 6,235 shares in the last quarter.

ARK Innovation ETF Trading Up 3.0 %

ARK Innovation ETF stock opened at $51.50 on Friday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89. The firm has a 50 day simple moving average of $58.09 and a 200 day simple moving average of $54.37.

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.