Greykasell Wealth Strategies Inc. Acquires New Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Greykasell Wealth Strategies Inc. acquired a new stake in ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, HoldingsChannel.com reports. 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 portfolio, making the stock its 26th largest position.

A number of other large investors have also recently added to or reduced their stakes in ARKK. Raymond James Financial Inc. acquired a new stake in ARK Innovation ETF in the 4th quarter valued at about $54,586,000. Strategic Financial Concepts LLC acquired a new stake in ARK Innovation ETF in the 4th quarter valued at about $514,000. Y Intercept Hong Kong Ltd acquired a new stake in ARK Innovation ETF in the 3rd quarter valued at about $6,545,000. Variant Private Wealth LLC acquired a new stake in ARK Innovation ETF in the 4th quarter valued at about $4,862,000. Finally, SteelPeak Wealth LLC acquired a new stake in shares of ARK Innovation ETF during the 4th quarter worth about $3,512,000.

ARK Innovation ETF Price Performance

ARK Innovation ETF stock opened at $49.19 on Friday. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $68.43. The stock has a market capitalization of $5.12 billion, a P/E ratio of 46.93 and a beta of 1.76. The firm’s 50-day moving average is $59.00 and its two-hundred day 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.