Cullen Frost Bankers Inc. grew its holdings in ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,956 shares of the company’s stock after purchasing an additional 312 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in ARK Innovation ETF were worth $225,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in ARKK. Kestra Investment Management LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter valued at approximately $68,000. Brown Brothers Harriman & Co. purchased a new position in shares of ARK Innovation ETF in the third quarter valued at approximately $76,000. Hobbs Group Advisors LLC purchased a new position in shares of ARK Innovation ETF in the third quarter valued at approximately $86,000. Mainstream Capital Management LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter valued at approximately $99,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of ARK Innovation ETF in the fourth quarter valued at approximately $114,000.
ARK Innovation ETF Stock Up 0.6 %
Shares of ARK Innovation ETF stock opened at $52.45 on Friday. ARK Innovation ETF has a 52-week low of $36.85 and a 52-week high of $68.43. The company has a 50 day moving average of $59.92 and a 200 day moving average of $54.14. The company has a market capitalization of $5.46 billion, a P/E ratio of 46.93 and a beta of 1.76.
About ARK Innovation ETF
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.
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