64,159 Shares in ARK Innovation ETF $ARKK Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC purchased a new stake in shares of ARK Innovation ETF (BATS:ARKK) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 64,159 shares of the company’s stock, valued at approximately $4,336,000. Elevation Point Wealth Partners LLC owned about 0.07% of ARK Innovation ETF at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Dakota Wealth Management acquired a new stake in shares of ARK Innovation ETF during the 4th quarter worth about $2,001,000. NavPoint Financial Inc. grew its stake in ARK Innovation ETF by 72.6% in the 4th quarter. NavPoint Financial Inc. now owns 20,040 shares of the company’s stock valued at $1,541,000 after buying an additional 8,430 shares during the last quarter. CWM LLC grew its stake in ARK Innovation ETF by 4.1% in the 4th quarter. CWM LLC now owns 176,331 shares of the company’s stock valued at $13,563,000 after buying an additional 6,904 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in ARK Innovation ETF in the 4th quarter valued at about $562,000. Finally, BIP Wealth LLC raised its holdings in ARK Innovation ETF by 243.7% in the 4th quarter. BIP Wealth LLC now owns 14,704 shares of the company’s stock valued at $1,131,000 after acquiring an additional 10,426 shares during the period.

ARK Innovation ETF Price Performance

Shares of ARKK stock opened at $81.25 on Friday. ARK Innovation ETF has a 12-month low of $62.94 and a 12-month high of $92.65. The company has a market capitalization of $7.69 billion, a PE ratio of 50.14 and a beta of 1.92. The firm has a 50 day moving average price of $77.75 and a two-hundred day moving average price of $75.89.

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.