Bank of New York Mellon Corp Acquires Shares of 3,959 ARK Innovation ETF (NYSEARCA:ARKK)

Bank of New York Mellon Corp acquired a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,959 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in ARK Innovation ETF during the fourth quarter worth about $68,000. Hobbs Group Advisors LLC purchased a new position in ARK Innovation ETF in the 3rd quarter valued at approximately $86,000. Bank of Jackson Hole Trust bought a new stake in ARK Innovation ETF during the 4th quarter valued at $114,000. Global Trust Asset Management LLC lifted its position in shares of ARK Innovation ETF by 221.5% during the fourth quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock worth $119,000 after acquiring an additional 1,440 shares in the last quarter. Finally, Elevation Wealth Partners LLC bought a new position in shares of ARK Innovation ETF in the fourth quarter worth $125,000.

ARK Innovation ETF Trading Down 4.1 %

Shares of NYSEARCA:ARKK opened at $48.70 on Friday. The company has a 50 day moving average of $57.48 and a 200 day moving average of $54.76. The stock has a market cap of $5.34 billion, a P/E ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $68.43.

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.