Greykasell Wealth Strategies Inc. Makes New Investment in ARK Innovation ETF (NYSEARCA:ARKK)

Greykasell Wealth Strategies Inc. acquired a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 40,544 shares of the company’s stock, valued at approximately $2,302,000. ARK Innovation ETF comprises about 1.3% of Greykasell Wealth Strategies Inc.’s holdings, making the stock its 26th biggest position.

Other large investors also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in ARK Innovation ETF during the 4th quarter worth $68,000. Brown Brothers Harriman & Co. acquired a new position in shares of ARK Innovation ETF during the 3rd quarter worth $76,000. Mainstream Capital Management LLC acquired a new position in shares of ARK Innovation ETF during the 4th quarter worth $99,000. Hobbs Group Advisors LLC acquired a new position in shares of ARK Innovation ETF during the 3rd quarter worth $86,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of ARK Innovation ETF during the 4th quarter worth $114,000.

ARK Innovation ETF Stock Up 4.1 %

NYSEARCA:ARKK opened at $49.19 on Friday. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43. The stock has a market cap of $5.12 billion, a PE ratio of 46.93 and a beta of 1.76. The firm’s fifty day simple moving average is $59.00 and its 200-day simple moving average is $54.19.

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.