Cwm LLC Buys 22,708 Shares of ARK Innovation ETF $ARKK

Cwm LLC raised its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 15.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,427 shares of the company’s stock after acquiring an additional 22,708 shares during the quarter. Cwm LLC’s holdings in ARK Innovation ETF were worth $14,622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ARKK. Orion Porfolio Solutions LLC raised its position in shares of 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 worth $113,120,000 after acquiring an additional 1,590,149 shares in the last quarter. Clear Street LLC purchased a new stake in ARK Innovation ETF in the second quarter worth $19,718,000. Ardmore Road Asset Management LP bought a new position in ARK Innovation ETF in the first quarter worth $12,847,000. Allianz SE purchased a new position in ARK Innovation ETF during the second quarter valued at $18,964,000. Finally, Caption Management LLC bought a new stake in shares of ARK Innovation ETF during the 1st quarter valued at $7,713,000.

ARK Innovation ETF Price Performance

Shares of ARK Innovation ETF stock opened at $79.70 on Friday. ARK Innovation ETF has a 1 year low of $38.57 and a 1 year high of $92.65. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96. The company has a 50-day moving average of $81.48 and a 200 day moving average of $78.34.

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.