Trek Financial LLC Makes New Investment in ARK Innovation ETF (NYSEARCA:ARKK)

Trek Financial LLC acquired a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, Holdings Channel reports. The fund acquired 45,698 shares of the company’s stock, valued at approximately $2,594,000.

A number of other hedge funds have also made changes to their positions in the stock. Apollon Wealth Management LLC grew its holdings in ARK Innovation ETF by 52.8% during the fourth quarter. Apollon Wealth Management LLC now owns 6,705 shares of the company’s stock worth $381,000 after acquiring an additional 2,316 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of ARK Innovation ETF by 22.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,984 shares of the company’s stock worth $1,021,000 after purchasing an additional 3,239 shares during the last quarter. Caprock Group LLC bought a new stake in shares of ARK Innovation ETF in the 4th quarter worth approximately $293,000. Bank of Jackson Hole Trust acquired a new stake in ARK Innovation ETF during the fourth quarter valued at approximately $114,000. Finally, SFG Wealth Management LLC. bought a new stake in ARK Innovation ETF during the fourth quarter worth approximately $224,000.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK opened at $41.94 on Monday. ARK Innovation ETF has a 1 year low of $36.85 and a 1 year high of $68.43. The business’s fifty day moving average is $55.95 and its two-hundred day moving average is $54.86. The stock has a market capitalization of $4.38 billion, a P/E 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.