Climber Capital SA Acquires Shares of 7,802 ARK Innovation ETF (NYSEARCA:ARKK)

Climber Capital SA bought a new position in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,802 shares of the company’s stock, valued at approximately $428,000.

Several other hedge funds also recently added to or reduced their stakes in 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 acquired a new position in shares of ARK Innovation ETF in the fourth quarter worth about $61,000. Kestra Investment Management LLC purchased a new stake in shares of ARK Innovation ETF during the 4th quarter worth about $68,000. Mainstream Capital Management LLC acquired a new stake in shares of ARK Innovation ETF during the 4th quarter valued at about $99,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of ARK Innovation ETF in the 3rd quarter valued at about $86,000.

ARK Innovation ETF Trading Up 2.8 %

Shares of ARKK stock opened at $49.15 on Thursday. The company has a market capitalization of $5.13 billion, a P/E ratio of 28.92 and a beta of 1.98. The business’s 50 day moving average is $56.70 and its two-hundred day moving average is $54.83. ARK Innovation ETF has a 12-month low of $36.85 and a 12-month high of $68.43.

ARK Innovation ETF Company 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.