Naples Money Management LLC Buys Shares of 1,620 ARK Innovation ETF (NYSEARCA:ARKK)

Naples Money Management LLC bought a new stake in ARK Innovation ETF (NYSEARCA:ARKK) in the 4th quarter, HoldingsChannel reports. The fund bought 1,620 shares of the company’s stock, valued at approximately $85,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARKK. Moneta Group Investment Advisors LLC raised its holdings in shares of ARK Innovation ETF by 86,013.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,038,508 shares of the company’s stock worth $282,363,000 after buying an additional 9,028,012 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of ARK Innovation ETF by 298.6% in the first quarter. Jane Street Group LLC now owns 6,163,775 shares of the company’s stock worth $248,647,000 after buying an additional 4,617,445 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of ARK Innovation ETF by 602.0% in the first quarter. Two Sigma Investments LP now owns 2,252,120 shares of the company’s stock worth $90,851,000 after buying an additional 1,931,320 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of ARK Innovation ETF by 282.4% in the first quarter. Two Sigma Advisers LP now owns 2,536,400 shares of the company’s stock worth $102,318,000 after buying an additional 1,873,200 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of ARK Innovation ETF in the fourth quarter worth $93,781,000.

ARK Innovation ETF Trading Down 2.1 %

Shares of ARK Innovation ETF stock traded down $0.88 during trading on Friday, hitting $42.03. 14,688,752 shares of the company’s stock were exchanged, compared to its average volume of 14,407,366. The business has a 50-day simple moving average of $48.96 and a 200-day simple moving average of $46.20. ARK Innovation ETF has a 52-week low of $33.76 and a 52-week high of $54.52.

ARK Innovation ETF Company 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.