Variant Private Wealth LLC bought a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 85,642 shares of the company’s stock, valued at approximately $4,862,000. ARK Innovation ETF comprises approximately 4.6% of Variant Private Wealth LLC’s portfolio, making the stock its 9th biggest holding. Variant Private Wealth LLC owned about 0.06% of ARK Innovation ETF at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcend Capital Advisors LLC bought a new stake in ARK Innovation ETF in the fourth quarter worth $202,000. Concurrent Investment Advisors LLC lifted its position in ARK Innovation ETF by 8.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 12,108 shares of the company’s stock worth $687,000 after buying an additional 919 shares during the last quarter. Advyzon Investment Management LLC bought a new stake in ARK Innovation ETF in the fourth quarter worth $568,000. Atlas Legacy Advisors LLC bought a new stake in ARK Innovation ETF in the fourth quarter worth $1,046,000. Finally, Bank of Jackson Hole Trust bought a new stake in ARK Innovation ETF in the fourth quarter worth $114,000.
ARK Innovation ETF Stock Performance
Shares of ARKK opened at $60.20 on Friday. The business has a fifty day moving average of $61.06 and a 200 day moving average of $53.06. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43.
ARK Innovation ETF 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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