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

Orion Portfolio Solutions LLC lifted its position in ARK Innovation ETF (NYSEARCA:ARKK) by 25.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

A number of other large investors also recently modified their holdings of ARKK. Murphy & Mullick Capital Management Corp purchased a new stake in ARK Innovation ETF in the 4th quarter worth approximately $38,000. Graney & King LLC bought a new position in shares of ARK Innovation ETF in the fourth quarter worth $61,000. Kestra Investment Management LLC purchased a new stake in shares of ARK Innovation ETF in the fourth quarter worth $68,000. Hobbs Group Advisors LLC bought a new stake in ARK Innovation ETF during the third quarter valued at $86,000. Finally, Mainstream Capital Management LLC purchased a new position in ARK Innovation ETF during the fourth quarter worth about $99,000.

ARK Innovation ETF Stock Down 7.0 %

NYSEARCA:ARKK opened at $41.94 on Friday. The stock has a market cap of $4.38 billion, a P/E ratio of 28.92 and a beta of 1.98. The business’s 50-day moving average price is $55.95 and its two-hundred day moving average price is $54.74. ARK Innovation ETF has a twelve month low of $36.85 and a twelve 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.