ARK Industrial Innovation ETF (ARKQ)
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ARK Industrial Innovation ETF (ARKQ)
ARK Industrial Innovation ETF (ARKQ)
ARK Industrial Innovation ETF (ARKQ)
ARK Industrial Innovation ETF (ARKQ)
This ARK ETF Is Flipping Its Script
The ARK Industrial Innovation ETF (NYSE: ARKQ ) is undergoing some big changes. In fact, ARKQ will no longer go by the aforementioned name. What Happened In a recent filing with the Securities and Exchange Commission, New York-based ARK Investment Management, ARKQ's issuer, said it's changing the exchange traded fund's name to the “ARK Autonomous Technology & Robotics ETF.” More important than the name change is a shift in ARK's investment objective to better reflect positioning in the fast-growing autonomous vehicle and robotics themes. ARKQ is one of several ARK ETFs known in part for having large weights to Tesla Inc . (NASDAQ: TSLA ). That stock accounts for 11.12% of the fund's weight, according to issuer data . Why It's Important The $172 million ARKQ, which … Full story available on Benzinga.com
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