Stevens Capital Management LP Has $347,000 Position in ARK Innovation ETF (NYSEARCA:ARKK)

Stevens Capital Management LP lowered its position in ARK Innovation ETF (NYSEARCA:ARKK) by 91.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,112 shares of the company’s stock after selling 62,411 shares during the quarter. Stevens Capital Management LP’s holdings in ARK Innovation ETF were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Simplex Trading LLC increased its position in ARK Innovation ETF by 20.4% during the fourth quarter. Simplex Trading LLC now owns 86,790 shares of the company’s stock worth $4,927,000 after acquiring an additional 14,717 shares during the period. Intellus Advisors LLC bought a new position in ARK Innovation ETF during the fourth quarter worth about $638,000. One Charles Private Wealth Services LLC increased its position in ARK Innovation ETF by 6.1% during the fourth quarter. One Charles Private Wealth Services LLC now owns 122,800 shares of the company’s stock worth $6,971,000 after acquiring an additional 7,010 shares during the period. Sandy Spring Bank increased its position in ARK Innovation ETF by 19.3% during the fourth quarter. Sandy Spring Bank now owns 2,231 shares of the company’s stock worth $127,000 after acquiring an additional 361 shares during the period. Finally, Richmond Brothers Inc. bought a new position in ARK Innovation ETF during the fourth quarter worth about $208,000.

ARK Innovation ETF Stock Performance

NYSEARCA:ARKK opened at $51.50 on Monday. ARK Innovation ETF has a 52 week low of $36.85 and a 52 week high of $68.43. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89. The firm’s 50-day simple moving average is $58.09 and its 200 day simple moving average is $54.53.

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.