Mainstream Capital Management LLC Takes $99,000 Position in ARK Innovation ETF (NYSEARCA:ARKK)

Mainstream Capital Management LLC acquired a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,750 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. lifted its holdings in ARK Innovation ETF by 3.1% during the 3rd quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock worth $579,000 after buying an additional 361 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in ARK Innovation ETF by 3.6% during the 4th quarter. Perigon Wealth Management LLC now owns 11,986 shares of the company’s stock worth $704,000 after buying an additional 421 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in shares of ARK Innovation ETF by 3.3% in the 4th quarter. Focus Financial Network Inc. now owns 13,020 shares of the company’s stock valued at $739,000 after purchasing an additional 422 shares during the last quarter. Summit Investment Advisory Services LLC lifted its holdings in shares of ARK Innovation ETF by 4.1% in the 4th quarter. Summit Investment Advisory Services LLC now owns 10,731 shares of the company’s stock valued at $609,000 after purchasing an additional 424 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its holdings in shares of ARK Innovation ETF by 2.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 22,030 shares of the company’s stock valued at $1,047,000 after purchasing an additional 480 shares during the last quarter.

ARK Innovation ETF Stock Performance

ARK Innovation ETF stock opened at $53.09 on Tuesday. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43. The company has a market capitalization of $5.52 billion, a P/E ratio of 46.93 and a beta of 1.76. The stock has a 50-day simple moving average of $60.51 and a 200-day simple moving average of $53.97.

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.