US Bancorp DE Grows Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

US Bancorp DE increased its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 21.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,955 shares of the company’s stock after purchasing an additional 690 shares during the quarter. US Bancorp DE’s holdings in ARK Innovation ETF were worth $225,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ARKK. Kestra Investment Management LLC bought a new stake in shares of ARK Innovation ETF in the fourth quarter valued at approximately $68,000. Brown Brothers Harriman & Co. purchased a new stake in shares of ARK Innovation ETF in the 3rd quarter valued at $76,000. Hobbs Group Advisors LLC bought a new stake in ARK Innovation ETF during the 3rd quarter valued at $86,000. Bank of Jackson Hole Trust bought a new stake in ARK Innovation ETF during the 4th quarter valued at $114,000. Finally, Global Trust Asset Management LLC raised its holdings in ARK Innovation ETF by 221.5% in the 4th quarter. Global Trust Asset Management LLC now owns 2,090 shares of the company’s stock worth $119,000 after purchasing an additional 1,440 shares in the last quarter.

ARK Innovation ETF Trading Up 4.1 %

Shares of NYSEARCA ARKK opened at $49.19 on Friday. The firm has a fifty day simple moving average of $59.00 and a two-hundred day simple moving average of $54.19. The firm has a market capitalization of $5.12 billion, a PE ratio of 46.93 and a beta of 1.76. ARK Innovation ETF has a 12 month low of $36.85 and a 12 month 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.