Simplex Trading LLC Acquires Shares of 560,455 ARK Innovation ETF (NYSEARCA:ARKK)

Simplex Trading LLC bought a new stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) in the fourth quarter, Holdings Channel reports. The fund bought 560,455 shares of the company’s stock, valued at approximately $29,351,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARKK. Lindbrook Capital LLC grew its position in ARK Innovation ETF by 77.5% during the third quarter. Lindbrook Capital LLC now owns 710 shares of the company’s stock valued at $28,000 after buying an additional 310 shares during the period. Oliver Lagore Vanvalin Investment Group grew its holdings in ARK Innovation ETF by 103.3% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 738 shares of the company’s stock valued at $29,000 after purchasing an additional 375 shares during the period. Authentikos Wealth Advisory LLC purchased a new stake in shares of ARK Innovation ETF in the third quarter valued at approximately $31,000. Annapolis Financial Services LLC increased its position in shares of ARK Innovation ETF by 395.9% in the third quarter. Annapolis Financial Services LLC now owns 838 shares of the company’s stock valued at $33,000 after buying an additional 669 shares in the last quarter. Finally, Headinvest LLC acquired a new position in shares of ARK Innovation ETF during the 3rd quarter worth approximately $37,000.

ARK Innovation ETF Price Performance

ARK Innovation ETF stock traded down $0.29 during trading on Thursday, reaching $43.61. The company had a trading volume of 11,070,021 shares, compared to its average volume of 14,332,003. The firm’s 50-day simple moving average is $48.28 and its 200 day simple moving average is $46.35. ARK Innovation ETF has a 1-year low of $33.76 and a 1-year high of $54.52.

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.