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NYSEARCA:ARKK

ARK Innovation ETF (ARKK) Price, Holdings, & News

$44.04
-0.34 (-0.77%)
(As of 05/28/2024 ET)
Today's Range
$43.54
$44.49
50-Day Range
$42.03
$50.51
52-Week Range
$33.76
$54.52
Volume
6.82 million shs
Average Volume
13.59 million shs
Market Capitalization
$6.52 billion
Assets Under Management
$6.29 billion
Dividend Yield
0.00%
Net Expense Ratio
0.75%
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About ARK Innovation ETF (NYSEARCA:ARKK)

ARK Innovation ETF is an actively managed exchange-traded fund (ETF) that seeks to provide investors with exposure to disruptive and innovative technologies that have the potential to shape the future. The fund is managed by ARK Investment Management LLC, a New York-based investment management firm that invests in companies poised to benefit from technological innovation.

ARK Innovation ETF invests in companies across various sectors, such as healthcare, robotics, the internet of things and artificial intelligence. The fund was launched in October 2014 and has since grown to become one of the largest actively managed ETFs, with assets under management of over $5 billion.

ARK Innovation ETF is managed by ARK Investment Management LLC, founded in 2014 by Catherine D. Wood, the firm's Chief Investment Officer (CIO) and CEO. Wood has over 40 years of experience in the investment management industry and is a well-known figure in the investment community for her expertise in disruptive innovation. She has been recognized for her work and has received numerous awards, including being named one of Forbes' Top Women Wealth Advisors for 2021. 

ARK Innovation ETF has seen impressive growth in its assets under management (AUM) over the past few years, with AUM growing from $139 million in 2016 to over $5 billion in 2023. The fund has generated solid returns for investors, with a five-year average compounded annual return of 0.56%, outperforming the S&P 500 index.

The fund's expense ratio is 0.75%, higher than the average for ETFs, but its active management approach justifies it.

ARK Innovation ETF has a price-to-earnings (P/E) ratio higher than the average for ETFs. However, the fund's high valuation is due to its focus on innovative and disruptive technologies, which can deliver significant growth in the future.

ARK Innovation ETF has been a top-performing ETF in recent years, with the fund returning over 153% in 2020 alone. However, the fund has experienced some volatility in the past few years, with the fund experiencing a significant pullback due to rising interest rates and concerns over the valuation of some of the fund's holdings. Despite this, the fund has continued to outperform the broader market. 

ARK Innovation ETF operates in the broader technology and innovation sector, which has seen significant growth and disruption in recent years. Advancements have driven the sector in areas such as artificial intelligence, robotics and biotechnology, which can potentially transform various industries.

The sector is also characterized by intense competition, with established companies competing against emerging startups for market share. However, the sector has faced regulatory and political challenges, particularly concerning data privacy and antitrust concerns.

ARK Innovation ETF has significant growth opportunities, particularly as technological innovation drives disruption in various industries. The fund's investments in genomics, robotics and electric vehicles are well-positioned to benefit from these trends. Additionally, the fund has the potential to benefit from the growth of emerging markets, which have significant untapped potential for technology adoption. ARK Innovation ETF has also invested in companies developing innovative solutions to address the world's most pressing challenges, such as climate change and healthcare. 

While ARK Innovation ETF has growth potential, the fund has risks and challenges. One of the main risks facing the fund is the potential for a significant market correction, which could lead to a decline in the value of the fund's holdings.

The fund's high valuation could also make it more vulnerable to a market correction, particularly if interest rates continue to rise. Additionally, the fund is heavily concentrated in a few key holdings, which could make it more vulnerable to specific company risks.

Another risk facing the fund is the potential for regulatory and political challenges, particularly in the technology and innovation sector. The sector has recently faced increased scrutiny from regulators, particularly concerning data privacy and antitrust concerns. Regulatory changes could significantly impact the fund's holdings and lead to increased volatility in the sector.

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Fund Details

Issuer
ARK
Fund Name
ARK Innovation ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:ARKK
Inception Date
10/30/2014
Fund Manager
Catherine D. Wood
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
N/A
Category
Strategy
Focus
Theme
Development Level
Blended Development
Region
Global
Number of Holdings
37

Fund Statistics

Assets Under Management
$6.29 billion
Average Daily Volume
$11.04 million
Discount/Premium
-0.04%

Administrator, Advisor and Custodian

Administrator
The Bank of New York Mellon Corporation
Advisor
ARK Investment Management LLC
Custodian
The Bank of New York Mellon Corporation
Distributor
Foreside Fund Services, LLC
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
N/A
Lead Market Maker
Jane Street

Options

Optionable
Optionable
Options Volume
134,161
Put Options
52,069
Call Options
82,092
Short Interest
28,880,000 shs

Miscellaneous

Beta
2.20
Creation Unit
50,000
Creation Fee
$500.00
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ARK Innovation ETF Expenses

TypeARKKTheme ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.75%0.57%0.54%0.51%0.51%
Other Expenses0.00%0.72%0.54%0.64%0.58%
Total Expense0.75%0.72%0.70%0.74%0.70%
Fee Waiver0.00%-0.77%-0.55%-0.68%-0.57%
Net Expense0.75%0.59%0.60%0.58%0.58%

ARK Innovation ETF (ARKK) Holdings & Exposure

ARKK Sector Exposure

ARKK Industry Exposure


ARKK ETF - Frequently Asked Questions

How have ARKK shares performed in 2024?

ARK Innovation ETF's stock was trading at $52.37 at the start of the year. Since then, ARKK shares have decreased by 15.9% and is now trading at $44.04.
View the best growth stocks for 2024 here
.

What does ARKK invest in?

ARK Innovation ETF is a equity fund issued by ARK. ARKK focuses on theme investments. The fund's investments total to approximately $6.29 billion assets under management.

What stocks does ARK Innovation ETF hold?
What is the management fee for ARK Innovation ETF?

ARK Innovation ETF's management fee is 0.75% and has no other recorded expenses or fee waivers. The net expense ratio for ARKK is 0.75%.

What other stocks do shareholders of ARK Innovation ETF own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ARK Innovation ETF investors own include NVIDIA (NVDA), Tesla (TSLA), Block (SQ), Alibaba Group (BABA), Intel (INTC), PayPal (PYPL), ARK Next Generation Internation ETF (ARKW), Netflix (NFLX) and Salesforce (CRM).

Who are ARK Innovation ETF's major shareholders?

ARK Innovation ETF's stock is owned by many different retail and institutional investors. Top institutional investors include Blue Trust Inc. (0.98%), Total Investment Management Inc. (0.74%), Commonwealth Equity Services LLC (0.71%), Osaic Holdings Inc. (0.68%), Raymond James & Associates (0.53%) and Jane Street Group LLC (0.52%).

How do I buy shares of ARK Innovation ETF?

Shares of ARKK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:ARKK) was last updated on 5/29/2024 by MarketBeat.com Staff

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