Stevens Capital Management LP Acquires 7,227 Shares of ARK Innovation ETF $ARKK

Stevens Capital Management LP increased its holdings in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 28.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 32,700 shares of the company’s stock after purchasing an additional 7,227 shares during the quarter. Stevens Capital Management LP’s holdings in ARK Innovation ETF were worth $2,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARKK. Golden State Wealth Management LLC raised its position in shares of ARK Innovation ETF by 3.2% during the 3rd quarter. Golden State Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $319,000 after acquiring an additional 116 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of ARK Innovation ETF by 3.4% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,272 shares of the company’s stock worth $369,000 after purchasing an additional 139 shares during the period. Evolution Wealth Advisors LLC increased its holdings in ARK Innovation ETF by 1.0% in the third quarter. Evolution Wealth Advisors LLC now owns 14,741 shares of the company’s stock valued at $1,272,000 after purchasing an additional 153 shares during the last quarter. Optivise Advisory Services LLC lifted its stake in ARK Innovation ETF by 3.5% in the third quarter. Optivise Advisory Services LLC now owns 4,523 shares of the company’s stock valued at $390,000 after buying an additional 155 shares during the period. Finally, Money Concepts Capital Corp lifted its stake in ARK Innovation ETF by 0.7% in the third quarter. Money Concepts Capital Corp now owns 25,496 shares of the company’s stock valued at $2,200,000 after buying an additional 185 shares during the period.

ARK Innovation ETF Trading Down 1.0%

ARK Innovation ETF stock opened at $71.49 on Friday. The firm has a market capitalization of $6.56 billion, a P/E ratio of 50.14 and a beta of 1.96. The business has a 50-day moving average of $77.30 and a 200-day moving average of $79.75. ARK Innovation ETF has a 1 year low of $38.57 and a 1 year high of $92.65.

About ARK Innovation ETF

The ARK Innovation ETF (ARKK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks long-term capital growth from companies globally involved with, or that benefit from, disruptive innovation. ARKK was launched on Oct 31, 2014 and is managed by ARK.