Latest news with #ARKInnovationETFARKK
Yahoo
09-07-2025
- Business
- Yahoo
Innovation ETF (ARKK) Hits New 52-Week High
For investors seeking momentum, ARK Innovation ETF ARKK is probably on the radar. The fund just hit a 52-week high and is up about 92.4% from its 52-week low price of $36.85/share. But are more gains in store for this ETF? Let's take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed: ARK Innovation ETF provides thematic multi-cap exposure to 'disruptive innovation.' It is an actively managed fund investing in companies that benefit from the development of new products or services, technological improvements and advancements in scientific research related to the areas of DNA technologies and genomic revolution, automation, robotics, energy storage, artificial intelligence, next-generation Internet and Fintech innovation. ARKK charges 75 bps in annual fees (see: all the Broad Developed World ETFs here). This ETF has been an area to watch lately, given Cathie Wood's, the high-profile CEO of Ark Investment Management, explosive moves in a few stock holdings of ARKK. Cathie Wood continued its active bets on disruptive innovation by purchasing shares of CRISPR Therapeutics AG CRSP and selling 908 Devices Inc. MASS and Roku Inc. ROKU. This move reinforces ARK's long-standing bullish stance on gene-editing technologies. ARK also bought a few shares of Beam Therapeutics Inc. BEAM, reflecting evolving conviction in the future of biotech innovation. Cathie Wood remains bullish on the transformative power of emerging technologies despite the market turbulence. ARKK might remain strong going ahead, given a weighted alpha of 60.23 and a higher 20-day volatility of 29.55%. There is definitely some promise for investors who want to ride on this surging ETF. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Beam Therapeutics Inc. (BEAM) : Free Stock Analysis Report ARK Innovation ETF (ARKK): ETF Research Reports CRISPR Therapeutics AG (CRSP) : Free Stock Analysis Report Roku, Inc. (ROKU) : Free Stock Analysis Report 908 Devices Inc. (MASS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
24-06-2025
- Business
- Yahoo
ARK ETFs Surged Last Week: Here's Why
Cathie Wood's ARK innovations have again started to glow. Last week, most of ARK ETFs, including ARK Innovation ETF ARKK, ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF ARKF surged about 8%. Cathie Wood's flagship ARK Innovation ETF (ARKK) has faced challenges in recent years. After a sharp decline in 2021-2022, ARKK continued to underperform the S&P 500 in the following two years, as Wood largely missed the significant gains driven by NVIDIA NVDA and the broader artificial intelligence boom. However, since last October, and particularly from early April, Cathie Wood's stocks have surged, with ARKK reaching a three-year high. While Tesla TSLA, ARKK's largest holding and the top Cathie Wood stock across her ETFs, has struggled in 2025 overall, it has delivered strong gains in the second quarter. The standout performers among ARKK's top holdings, however, have been Palantir Technologies PLTR, Coinbase COIN and Roblox RBLX. In fact, Coinbase drove ARK ETFs' last week's performance. Let's dig deeper. Coinbase shares surged about 30% last week. Each of the above-mentioned ETFs invests about 8% of their baskets in COIN shares. Coinbase Global relies heavily on trading volumes as a core driver of revenues and a key indicator of its long-term business trajectory. This crypto leader generates the bulk of its revenues through transaction fees from both retail and institutional customers. On June 18, shares surged 16.3% after the cryptocurrency exchange Coinbase announced plans to enter the stablecoin market. This breakout pushed the stock well above a 277.01 buy point from a deep base. By the end of the week, shares had gained 29.9%. Coinbase also maintains strong ties with Circle, another prominent company backed by Cathie Wood, as quoted on Another ARK ETFs' important holding Tesla added more than 2% last week on Robotaxi launch optimism. Tesla has started testing robotaxis with passengers in Austin, TX, CEO Elon Musk said on Sunday, with customers paying a flat fee of $4.20. The electric vehicle manufacturer aims to establish a strong position in the competitive self-driving technology market. Roblox shares jumped about 8.8% last week. The stock (up 73.5%) breezed past the S&P 500 this year. Shares of the video game platform surged alongside the broader market in early April and continued to climb after the release of its Q1 earnings report in early May. Note that in early May, Roblox came up with a quarterly loss of $0.32 per share, which bettered the Zacks Consensus Estimate of a loss of $0.41. The figure was also better than the loss of $0.43 per share recorded a year ago. The company posted revenues of $1.21 billion in Q1, surpassing the Zacks Consensus Estimate by 5.35%. This compares to year-ago revenues of $923.76 million. Cathie Wood's ARK ETFs rebounded sharply last week, thanks mainly to a 30% surge in Coinbase shares following its entry into the stablecoin market. Additional boosts came from gains in key holdings like Tesla, on robotaxi optimism, and Roblox's continued winning momentum, following strong Q1 results in early May. The recent momentum in ARK ETFs signals a potential turnaround for ARK's innovation-driven strategy. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report ARK Innovation ETF (ARKK): ETF Research Reports ARK Fintech Innovation ETF (ARKF): ETF Research Reports Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report Roblox Corporation (RBLX) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
24-06-2025
- Business
- Yahoo
ARK Innovation ETF (ARKK) Hits New 52-Week High
ARK Innovation ETF ARKK is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 89.28% from its 52-week low price of $36.85/share. Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed. ARKK is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital by investing under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund's investment theme of disruptive innovation. The ETF ARKK charges 75 bps in annual fees. Cathie Wood's ARK innovations have again started to glow. Last week, most of ARK ETFs including ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF ARKW and ARK Fintech Innovation ETF ARKF surged about 8%. The standout performers among ARKK's top holdings have been recent Coinbase, Tesla and Roblox. The ETF ARKK might continue its strong performance in the near term, with a positive weighted alpha of 62.37, which gives cues of a further rally. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ARK Next Generation Internet ETF (ARKW): ETF Research Reports ARK Innovation ETF (ARKK): ETF Research Reports ARK Fintech Innovation ETF (ARKF): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-03-2025
- Business
- Yahoo
These are the 10 fund-management firms that lost the most money in the past decade. You'll never guess No. 1.
Losing money during a roaring bull market is quite a feat. But these 10 fund managers have made it look almost easy. A team of analysts at Morningstar last week published a ranking of the fund-management shops that have incinerated the most investor capital over the past decade. 'He gave me a week to get out': My son and I bought a house — now I'm homeless and living in a car. Can I sue him? I ate noodles during law school and graduated debt-free. Now my sister needs money. Is it OK to say no? 'My daughter harasses me and wants to know where I go': She's after my money. How do I protect myself? I met a friend for lunch. When the check arrived, she said, 'Thank you so much for paying!' Was I taken for a fool? Why this trade expert says the U.S. economy will stall next quarter — and Apple's investment claims are inflated Their analysis focused not only on the worst-performing managers of mutual funds or exchange-traded products, but also the 15 mutual funds, or exchange-traded products, believed to be the worst offenders — although a few categories were excluded from their analysis. Their income payouts complicated Morningstar's analysis, the team said. The worst-performing manager? Cathie Wood's ARK Invest. The shop, best known for betting on companies like Tesla Inc. TSLA, Roku Inc. ROKU and Block Inc. XYZ , has destroyed $13.4 billion over the past decade, according to Morningstar's calculations. Fund family Value destroyed over the past decade ARK ($13.36 billion) Kraneshares ($6.66 billion) Barclays ($4.34 billion) AdvisorShares ($2.71 billion) GlobalX ($1.78 billion) ETF Managers ($1.21 billion) Amplify ($998.36 million) Brookfield ($730.57 million) LJM Funds ($606.60 million) Eagle MLP ($361.92 million) Source: Morningstar Direct That shouldn't come as a surprise to regular readers of the financial press. Wood earned widespread notoriety during the COVID-19-era stock-market boom as many of her firm's biggest holdings soared. Her flagship, the ARK Innovation ETF ARKK, rallied nearly 150% in 2020. But by the end of 2021, Wood's hot streak had fizzled. The innovation fund ended that year down 24%, before tallying a brutal 67% drop during the 2022 bear market. Morningstar's list of the worst-performing funds was populated mostly by inverse or leveraged products, or funds betting on notoriously hard-hit assets, like Chinese stocks — although this latter group has enjoyed something of a renaissance lately. The ProShares UltraPro Short QQQ ETF SQQQ took the top spot — hardly a surprise for a fund that aims to move in the opposite direction of the Nasdaq-100 NDX to the tune of 3X daily leverage. The ProShares Ultra VIX Short-Term Futures ETF UVXY came in second place, also hardly surprising given that the fund offers 1.5X leveraged-long exposure to futures tied to the Cboe Volatility Index. Wall Street's 'fear gauge' has been mostly subdued over the past decade, aside from a few short-lived blowups, like during the March 2020 COVID-19 crash, and the Aug. 5 global stock-market selloff sparked by the unwind of the yen carry trade. But the ARK Innovation still took third place, which is surprising, given that U.S.-listed technology stocks have done pretty well over the past decade. ARK Invest didn't respond to a request for comment from MarketWatch. 'I'm being held hostage': I bought my parents' house and added my brother to the deed. He won't pay the mortgage. What now? My mother, 81, is a hoarder and lives in squalor. What happens if her condo board finds out? 'I'm considering marriage in my mid-60s': Am I responsible for my spouse's medical debt? 'They hate our generation': My son and daughter-in-law want us to sell our house — and move to Oregon to start a commune Four AI stocks to buy now and hold, says the manager of a five-star, $58B global fund Sign in to access your portfolio
