Belpointe Asset Management LLC Increases Stake in ARK Innovation ETF $ARKK

Belpointe Asset Management LLC increased its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 343.0% in the third quarter, Holdings Channel reports. The firm owned 22,417 shares of the company’s stock after purchasing an additional 17,357 shares during the period. Belpointe Asset Management LLC’s holdings in ARK Innovation ETF were worth $1,935,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Orion Porfolio Solutions LLC raised its holdings in shares of ARK Innovation ETF by 8,291.5% in the second quarter. Orion Porfolio Solutions LLC now owns 1,609,327 shares of the company’s stock worth $113,120,000 after buying an additional 1,590,149 shares during the last quarter. Clear Street LLC acquired a new position in shares of ARK Innovation ETF in the 2nd quarter valued at $19,718,000. Allianz SE purchased a new position in ARK Innovation ETF in the 2nd quarter worth $18,964,000. Y Intercept Hong Kong Ltd acquired a new stake in ARK Innovation ETF during the 2nd quarter worth about $9,243,000. Finally, Concurrent Investment Advisors LLC grew its stake in ARK Innovation ETF by 693.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 113,347 shares of the company’s stock valued at $7,967,000 after purchasing an additional 99,067 shares during the last quarter.

ARK Innovation ETF Stock Performance

Shares of ARKK stock opened at $79.77 on Wednesday. ARK Innovation ETF has a fifty-two week low of $38.57 and a fifty-two week high of $92.65. The firm has a market capitalization of $7.25 billion, a PE ratio of 50.14 and a beta of 1.96. The stock’s 50-day simple moving average is $79.81 and its 200-day simple moving average is $80.24.

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.