Abound Financial LLC Makes New Investment in ARK Innovation ETF $ARKK

Abound Financial LLC purchased a new stake in ARK Innovation ETF (BATS:ARKK) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 27,259 shares of the company’s stock, valued at approximately $1,842,000. ARK Innovation ETF makes up about 0.8% of Abound Financial LLC’s portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in ARKK. Wealth Watch Advisors INC acquired a new position in shares of ARK Innovation ETF in the 3rd quarter worth approximately $32,000. Decker Retirement Planning Inc. raised its stake in ARK Innovation ETF by 38,300.0% during the first quarter. Decker Retirement Planning Inc. now owns 384 shares of the company’s stock worth $26,000 after buying an additional 383 shares during the last quarter. TD Capital Management LLC bought a new position in ARK Innovation ETF during the fourth quarter worth $30,000. Russell Investments Group Ltd. raised its stake in ARK Innovation ETF by 85.0% during the third quarter. Russell Investments Group Ltd. now owns 418 shares of the company’s stock worth $36,000 after buying an additional 192 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in ARK Innovation ETF by 1,635.7% in the second quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock valued at $34,000 after buying an additional 458 shares during the period.

ARK Innovation ETF Stock Performance

Shares of ARKK opened at $80.25 on Monday. The stock has a market capitalization of $7.60 billion, a P/E ratio of 50.14 and a beta of 1.92. The firm’s fifty day simple moving average is $78.31 and its two-hundred day simple moving average is $75.94. ARK Innovation ETF has a 12 month low of $62.94 and a 12 month high of $92.65.

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 issued by ARK.