ARK Autonomous Tech. & Robotics ETF (ARKQ)
Fund Objective: ARKQ is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of autonomous technology and robotics companies that are relevant to the Fund’s investment theme of disruptive innovation.
Fund Description: Companies within ARKQ are focused on and are expected to substantially benefit from the development of new products or services, technological improvements, and advancements in scientific research related to, among other things, energy, automation and manufacturing, materials, artificial intelligence, and transportation. These companies may develop, produce, or enable:
Autonomous Transportation
Robotics and Automation
3D Printing
Energy Storage
Space Exploration
TECHNICAL PRICE ANALYSIS: The daily chart reflects the price which has broken out of a consolidation range and is looking to emerge from a multi-month base. A weekly close above $59.87 opens up $71 as a medium term target. The setup is temporarily invalidated below $53.00.
Lester Davids
Analyst: Unum Capital
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