Murphy & Mullick Capital Management Corp Takes Position in ARK Innovation ETF (NYSEARCA:ARKK)

Murphy & Mullick Capital Management Corp purchased a new stake in ARK Innovation ETF (NYSEARCA:ARKK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 670 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Moors & Cabot Inc. raised its stake in shares of ARK Innovation ETF by 1.3% in the 4th quarter. Moors & Cabot Inc. now owns 20,650 shares of the company’s stock valued at $1,172,000 after acquiring an additional 263 shares during the period. Cullen Frost Bankers Inc. raised its position in ARK Innovation ETF by 8.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,956 shares of the company’s stock valued at $225,000 after purchasing an additional 312 shares during the period. D.A. Davidson & CO. lifted its stake in shares of ARK Innovation ETF by 3.1% during the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock worth $579,000 after purchasing an additional 361 shares in the last quarter. Sandy Spring Bank boosted its position in shares of ARK Innovation ETF by 19.3% in the fourth quarter. Sandy Spring Bank now owns 2,231 shares of the company’s stock worth $127,000 after buying an additional 361 shares during the period. Finally, Perigon Wealth Management LLC grew its stake in shares of ARK Innovation ETF by 3.6% in the fourth quarter. Perigon Wealth Management LLC now owns 11,986 shares of the company’s stock valued at $704,000 after buying an additional 421 shares in the last quarter.

ARK Innovation ETF Stock Performance

ARK Innovation ETF stock opened at $50.78 on Friday. The firm has a market capitalization of $5.57 billion, a PE ratio of 41.12 and a beta of 1.89. The stock’s 50 day moving average price is $57.70 and its 200 day moving average price is $54.64. ARK Innovation ETF has a one year low of $36.85 and a one year high of $68.43.

ARK Innovation ETF Profile

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.