Variant Private Wealth LLC Makes New $4.86 Million Investment in ARK Innovation ETF (NYSEARCA:ARKK)

Variant Private Wealth LLC bought a new position in ARK Innovation ETF (NYSEARCA:ARKK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 85,642 shares of the company’s stock, valued at approximately $4,862,000. ARK Innovation ETF accounts for about 4.6% of Variant Private Wealth LLC’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Global Trust Asset Management LLC increased its stake in shares of ARK Innovation ETF by 550.0% during the third quarter. Global Trust Asset Management LLC now owns 650 shares of the company’s stock valued at $31,000 after buying an additional 550 shares during the period. Kestra Investment Management LLC purchased a new position in shares of ARK Innovation ETF during the fourth quarter valued at $68,000. Brown Brothers Harriman & Co. purchased a new position in shares of ARK Innovation ETF during the third quarter valued at $76,000. Hobbs Group Advisors LLC purchased a new position in shares of ARK Innovation ETF during the third quarter valued at $86,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of ARK Innovation ETF during the fourth quarter valued at $114,000.

ARK Innovation ETF Stock Performance

Shares of ARK Innovation ETF stock opened at $60.20 on Friday. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month high of $68.43. The stock’s fifty day moving average price is $61.06 and its 200-day moving average price is $53.06.

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.