NBZ Investment Advisors LLC Makes New Investment in ARK Innovation ETF (NYSEARCA:ARKK)

NBZ Investment Advisors LLC acquired a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 92,136 shares of the company’s stock, valued at approximately $5,231,000. ARK Innovation ETF makes up 2.9% of NBZ Investment Advisors LLC’s portfolio, making the stock its 12th biggest holding.

A number of other large investors have also bought and sold shares of ARKK. Raymond James Financial Inc. acquired a new position in ARK Innovation ETF during the 4th quarter worth approximately $54,586,000. Strategic Financial Concepts LLC acquired a new position in ARK Innovation ETF during the fourth quarter worth $514,000. Y Intercept Hong Kong Ltd acquired a new position in shares of ARK Innovation ETF during the third quarter valued at about $6,545,000. Variant Private Wealth LLC bought a new stake in shares of ARK Innovation ETF during the fourth quarter worth about $4,862,000. Finally, SteelPeak Wealth LLC acquired a new stake in shares of ARK Innovation ETF in the 4th quarter worth about $3,512,000.

ARK Innovation ETF Stock Performance

Shares of NYSEARCA ARKK opened at $50.78 on Friday. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89. ARK Innovation ETF has a fifty-two week low of $36.85 and a fifty-two week high of $68.43. The firm’s 50-day simple moving average is $57.70 and its 200 day simple moving average is $54.64.

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.