Simplex Trading LLC Buys 14,717 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Simplex Trading LLC raised its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 20.4% in the 4th quarter, HoldingsChannel reports. The firm owned 86,790 shares of the company’s stock after purchasing an additional 14,717 shares during the period. Simplex Trading LLC’s holdings in ARK Innovation ETF were worth $4,927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of ARK Innovation ETF during the 4th quarter worth $68,000. Brown Brothers Harriman & Co. purchased a new stake in ARK Innovation ETF during the third quarter valued at about $76,000. Mainstream Capital Management LLC bought a new stake in ARK Innovation ETF during the fourth quarter worth about $99,000. Hobbs Group Advisors LLC purchased a new position in shares of ARK Innovation ETF in the 3rd quarter worth about $86,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of ARK Innovation ETF during the 4th quarter valued at about $114,000.

ARK Innovation ETF Trading Down 0.1 %

Shares of NYSEARCA ARKK opened at $54.14 on Wednesday. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 41.12 and a beta of 1.89. The stock’s 50-day moving average is $57.99 and its 200 day moving average is $54.69. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43.

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.