ARK Innovation ETF $ARKK Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP decreased its holdings in ARK Innovation ETF (NYSEARCA:ARKK) by 34.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,473 shares of the company’s stock after selling 13,227 shares during the quarter. Stevens Capital Management LP’s holdings in ARK Innovation ETF were worth $1,790,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. SVB Wealth LLC purchased a new stake in shares of ARK Innovation ETF in the first quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of ARK Innovation ETF in the 2nd quarter valued at $28,000. SJS Investment Consulting Inc. increased its holdings in shares of ARK Innovation ETF by 4,410.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 451 shares of the company’s stock valued at $32,000 after acquiring an additional 441 shares during the last quarter. DHJJ Financial Advisors Ltd. grew its stake in ARK Innovation ETF by 51,200.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 513 shares of the company’s stock valued at $36,000 after buying an additional 512 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of ARK Innovation ETF in the first quarter valued at about $48,000.

ARK Innovation ETF Trading Up 2.2%

Shares of ARK Innovation ETF stock opened at $73.35 on Friday. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 50.14 and a beta of 1.96. ARK Innovation ETF has a 1 year low of $38.57 and a 1 year high of $92.65. The company’s fifty day simple moving average is $84.49 and its 200-day simple moving average is $74.10.

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.