Hudson Capital Management LLC bought a new stake in ARK Innovation ETF (NYSEARCA:ARKK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 34,839 shares of the company’s stock, valued at approximately $3,205,000. ARK Innovation ETF comprises approximately 1.6% of Hudson Capital Management LLC’s holdings, making the stock its 16th biggest holding.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ARKK. UBS Group AG lifted its position in shares of ARK Innovation ETF by 26.8% during the first quarter. UBS Group AG now owns 3,355 shares of the company’s stock worth $148,000 after purchasing an additional 710 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of ARK Innovation ETF during the first quarter worth about $108,000. Morgan Stanley lifted its position in shares of ARK Innovation ETF by 33.9% during the first quarter. Morgan Stanley now owns 4,818,697 shares of the company’s stock worth $212,022,000 after purchasing an additional 1,219,498 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of ARK Innovation ETF by 344.0% during the first quarter. Tower Research Capital LLC TRC now owns 39,320 shares of the company’s stock worth $1,730,000 after purchasing an additional 30,465 shares in the last quarter. Finally, Ameritas Investment Company LLC acquired a new stake in ARK Innovation ETF in the first quarter valued at approximately $46,000.
NYSEARCA:ARKK traded down $0.07 during mid-day trading on Friday, hitting $102.76. The stock had a trading volume of 2,088,541 shares, compared to its average volume of 1,363,024. The stock has a 50-day simple moving average of $92.60 and a two-hundred day simple moving average of $73.38. ARK Innovation ETF has a twelve month low of $33.00 and a twelve month high of $106.15.
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