Intellus Advisors LLC Invests $638,000 in ARK Innovation ETF (NYSEARCA:ARKK)

Intellus Advisors LLC bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,247 shares of the company’s stock, valued at approximately $638,000.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of ARK Innovation ETF during the fourth quarter worth about $54,586,000. Strategic Financial Concepts LLC acquired a new position in ARK Innovation ETF during the 4th quarter worth approximately $514,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at approximately $6,545,000. Variant Private Wealth LLC acquired a new stake in shares of ARK Innovation ETF in the 4th quarter valued at $4,862,000. Finally, SteelPeak Wealth LLC purchased a new stake in shares of ARK Innovation ETF during the 4th quarter worth $3,512,000.

ARK Innovation ETF Trading Up 3.0 %

Shares of ARKK stock opened at $51.50 on Friday. The company has a market cap of $5.65 billion, a P/E ratio of 41.12 and a beta of 1.89. The firm has a fifty day moving average price of $58.09 and a 200 day moving average price of $54.37. 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.