Stevens Capital Management LP Has $2.82 Million Stock Holdings in ARK Innovation ETF $ARKK

Stevens Capital Management LP lifted its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 28.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,700 shares of the company’s stock after buying 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 have also recently added to or reduced their stakes in ARKK. Golden State Wealth Management LLC raised its stake in shares of ARK Innovation ETF by 3.2% in the third quarter. Golden State Wealth Management LLC now owns 3,701 shares of the company’s stock worth $319,000 after acquiring an additional 116 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of ARK Innovation ETF by 3.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,272 shares of the company’s stock valued at $369,000 after purchasing an additional 139 shares in the last quarter. Evolution Wealth Advisors LLC raised its position in ARK Innovation ETF by 1.0% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 14,741 shares of the company’s stock worth $1,272,000 after purchasing an additional 153 shares during the last quarter. Optivise Advisory Services LLC lifted its holdings in ARK Innovation ETF by 3.5% during the 3rd quarter. Optivise Advisory Services LLC now owns 4,523 shares of the company’s stock worth $390,000 after buying an additional 155 shares in the last quarter. Finally, Money Concepts Capital Corp lifted its holdings in ARK Innovation ETF by 0.7% during the 3rd quarter. Money Concepts Capital Corp now owns 25,496 shares of the company’s stock worth $2,200,000 after buying an additional 185 shares in the last quarter.

ARK Innovation ETF Stock Performance

NYSEARCA ARKK opened at $71.49 on Friday. The stock has a market capitalization of $6.56 billion, a P/E ratio of 50.14 and a beta of 1.96. ARK Innovation ETF has a 52 week low of $38.57 and a 52 week high of $92.65. The stock has a fifty day moving average of $77.30 and a 200-day moving average of $79.75.

ARK Innovation ETF Profile

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.