Orion Portfolio Solutions LLC Acquires 4,063 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Orion Portfolio Solutions LLC increased its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 25.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,029 shares of the company’s stock after buying an additional 4,063 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in ARK Innovation ETF were worth $1,137,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Centiva Capital LP lifted its stake in ARK Innovation ETF by 146.6% in the third quarter. Centiva Capital LP now owns 16,175 shares of the company’s stock valued at $769,000 after purchasing an additional 50,887 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in ARK Innovation ETF in the 3rd quarter valued at about $6,545,000. Barclays PLC lifted its holdings in ARK Innovation ETF by 100.6% during the third quarter. Barclays PLC now owns 65,166 shares of the company’s stock valued at $3,098,000 after purchasing an additional 32,679 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in ARK Innovation ETF during the third quarter worth about $86,000. Finally, Sculati Wealth Management LLC purchased a new position in shares of ARK Innovation ETF in the third quarter worth about $220,000.

ARK Innovation ETF Trading Down 7.0 %

Shares of ARKK stock opened at $41.94 on Friday. The firm’s 50 day moving average is $55.95 and its 200 day moving average is $54.74. The stock has a market capitalization of $4.38 billion, a P/E ratio of 28.92 and a beta of 1.98. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $68.43.

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.