17,898 Shares in ARK Innovation ETF $ARKK Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. acquired a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,898 shares of the company’s stock, valued at approximately $1,258,000.

Several other hedge funds have also recently modified their holdings of the company. Edgestream Partners L.P. lifted its holdings in ARK Innovation ETF by 127.8% during the second quarter. Edgestream Partners L.P. now owns 15,552 shares of the company’s stock worth $1,093,000 after acquiring an additional 8,725 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of ARK Innovation ETF during the 2nd quarter valued at $490,000. Sowell Financial Services LLC bought a new stake in shares of ARK Innovation ETF during the 2nd quarter worth $394,000. Allianz SE purchased a new position in shares of ARK Innovation ETF in the 2nd quarter worth about $18,964,000. Finally, Integrity Alliance LLC. bought a new position in ARK Innovation ETF during the first quarter valued at about $327,000.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK opened at $79.21 on Tuesday. The company has a market capitalization of $7.60 billion, a PE ratio of 50.14 and a beta of 1.96. ARK Innovation ETF has a 52-week low of $38.57 and a 52-week high of $92.65. The company has a 50-day simple moving average of $83.02 and a 200 day simple moving average of $77.15.

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.