BIP Wealth LLC Boosts Position in ARK Innovation ETF $ARKK

BIP Wealth LLC increased its holdings in shares of ARK Innovation ETF (BATS:ARKK) by 243.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,704 shares of the company’s stock after acquiring an additional 10,426 shares during the quarter. BIP Wealth LLC’s holdings in ARK Innovation ETF were worth $1,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in ARK Innovation ETF by 51.4% in the third quarter. JPMorgan Chase & Co. now owns 3,886,920 shares of the company’s stock valued at $335,441,000 after buying an additional 1,320,420 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in 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 valued at $113,120,000 after buying an additional 1,590,149 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in ARK Innovation ETF by 634.7% in the third quarter. Qube Research & Technologies Ltd now owns 885,121 shares of the company’s stock valued at $76,386,000 after buying an additional 764,653 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in ARK Innovation ETF in the third quarter valued at approximately $39,269,000. Finally, Commonwealth Equity Services LLC lifted its stake in ARK Innovation ETF by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 413,265 shares of the company’s stock valued at $35,665,000 after buying an additional 60,451 shares during the last quarter.

ARK Innovation ETF Trading Up 2.3%

Shares of BATS ARKK opened at $70.36 on Thursday. ARK Innovation ETF has a twelve month low of $40.44 and a twelve month high of $92.65. The stock has a 50 day moving average of $71.21 and a two-hundred day moving average of $78.54. The stock has a market cap of $6.66 billion, a P/E ratio of 50.14 and a beta of 1.92.

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 issued by ARK.