Twin Peaks Wealth Advisors LLC Takes Position in ARK Innovation ETF (NYSEARCA:ARKK)

Twin Peaks Wealth Advisors LLC purchased a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,709 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in shares of ARK Innovation ETF in the fourth quarter worth approximately $225,000. WealthShield Partners LLC bought a new position in ARK Innovation ETF during the 4th quarter worth approximately $203,000. Marshall Investment Management LLC acquired a new position in shares of ARK Innovation ETF in the 4th quarter worth approximately $188,000. Richardson Capital Management LLC boosted its stake in shares of ARK Innovation ETF by 910.0% in the 4th quarter. Richardson Capital Management LLC now owns 8,090 shares of the company’s stock valued at $459,000 after purchasing an additional 7,289 shares during the last quarter. Finally, Variant Private Wealth LLC bought a new stake in shares of ARK Innovation ETF in the 4th quarter valued at $4,862,000.

ARK Innovation ETF Stock Down 5.2 %

Shares of NYSEARCA ARKK opened at $56.00 on Wednesday. The company has a market capitalization of $5.83 billion, a PE ratio of 46.93 and a beta of 1.76. ARK Innovation ETF has a twelve month low of $36.85 and a twelve month high of $68.43. The firm has a fifty day simple moving average of $60.82 and a 200 day simple moving average of $53.61.

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.