Farther Finance Advisors LLC Increases Position in ARK Innovation ETF $ARKK

Farther Finance Advisors LLC lifted its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 73.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,134 shares of the company’s stock after acquiring an additional 9,350 shares during the quarter. Farther Finance Advisors LLC’s holdings in ARK Innovation ETF were worth $1,910,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ARKK. Orion Porfolio Solutions LLC grew its stake in ARK Innovation ETF by 8,291.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock valued at $113,120,000 after purchasing an additional 1,590,149 shares during the period. Clear Street LLC bought a new position in ARK Innovation ETF during the second quarter valued at about $19,718,000. Ardmore Road Asset Management LP purchased a new stake in ARK Innovation ETF during the first quarter worth about $12,847,000. Allianz SE purchased a new stake in ARK Innovation ETF during the second quarter worth about $18,964,000. Finally, Caption Management LLC bought a new stake in ARK Innovation ETF in the first quarter worth about $7,713,000.

ARK Innovation ETF Stock Down 1.2%

ARKK opened at $79.70 on Friday. ARK Innovation ETF has a twelve month low of $38.57 and a twelve month high of $92.65. The company’s 50-day moving average price is $81.48 and its two-hundred day moving average price is $78.24. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96.

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.