ARK Innovation ETF Gains Momentum Once Again

ARK Innovation ETF gains momentum once again. ARK Innovation ETF (ARKK) is an actively managed exchange-traded fund started by ARK Invest, it aims to invest in scalable and innovative public companies worldwide.

Targeting a New Type of Investor

ARK's ETFs have been a hot topic among retail investors throughout 2020, but 2021 has truly been a hit with cryptocurrencies and "meme" stocks for these investors. If you manage to look beyond the speculative noise, you can actually understand that ARK's Innovation ETF is a solid long-term investment. Interest in innovative technology stocks is growing, and hyper-growth industries are not as scarce as they used to be. ARK mainly focuses on Cloud Computing (13.7%), E-Commerce (11.9%) and Digital Media (11.3%). And these markets continue to become a necessity for modern society. Also, from a revenue-only standpoint, you have to admit that you're getting good value for your money with a good profit. The fund pays 16.33% more than other ETFs at a 3-year CAGR of 182.85%. The ETF has made several positive rotations of late, all trading at lower PE Growth rates. An exponential increase in institutional ownership of ARK's Innovation Fund, along with the consolidation of key portfolio-driven industries, could mean an upside development is on the horizon.     Source: Investing.com You may also be interested in: McDonald’s Began Accepting Bitcoin Payments in El Salvador