Grant Private Wealth Management Inc Buys New Position in ARK Innovation ETF (NYSEARCA:ARKK)

Grant Private Wealth Management Inc purchased a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 26,105 shares of the company’s stock, valued at approximately $1,482,000. ARK Innovation ETF comprises 1.6% of Grant Private Wealth Management Inc’s holdings, making the stock its 20th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Centiva Capital LP boosted its stake in ARK Innovation ETF by 146.6% in the 3rd quarter. Centiva Capital LP now owns 16,175 shares of the company’s stock worth $769,000 after purchasing an additional 50,887 shares in the last quarter. IHT Wealth Management LLC lifted its stake in shares of ARK Innovation ETF by 17.2% during the third quarter. IHT Wealth Management LLC now owns 82,185 shares of the company’s stock worth $3,939,000 after buying an additional 12,071 shares during the period. Stevens Capital Management LP lifted its stake in shares of ARK Innovation ETF by 152.7% during the third quarter. Stevens Capital Management LP now owns 68,523 shares of the company’s stock worth $3,257,000 after buying an additional 41,408 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of ARK Innovation ETF during the third quarter valued at $6,545,000. Finally, Barclays PLC increased its position in shares of ARK Innovation ETF by 100.6% in the 3rd quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after acquiring an additional 32,679 shares during the period.

ARK Innovation ETF Stock Performance

Shares of ARKK opened at $49.15 on Thursday. The stock has a 50-day moving average of $56.70 and a two-hundred day moving average of $54.83. The stock has a market cap of $5.13 billion, a P/E ratio of 28.92 and a beta of 1.98. ARK Innovation ETF has a one year low of $36.85 and a one year high of $68.43.

About ARK Innovation ETF

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.