Ausdal Financial Partners Inc. grew its stake in shares of ARK Innovation ETF (BATS:ARKK – Free Report) by 184.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,658 shares of the company’s stock after buying an additional 41,255 shares during the period. Ausdal Financial Partners Inc. owned 0.07% of ARK Innovation ETF worth $5,494,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitlin John LLC purchased a new position in ARK Innovation ETF during the third quarter valued at approximately $27,000. Addison Advisors LLC bought a new stake in ARK Innovation ETF during the 3rd quarter worth approximately $28,000. New Millennium Group LLC purchased a new stake in ARK Innovation ETF in the 3rd quarter worth approximately $31,000. Wealth Watch Advisors INC purchased a new stake in ARK Innovation ETF in the 3rd quarter worth approximately $32,000. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in ARK Innovation ETF by 1,635.7% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 486 shares of the company’s stock valued at $34,000 after purchasing an additional 458 shares during the period.
ARK Innovation ETF Price Performance
ARKK opened at $70.25 on Friday. The company has a fifty day moving average price of $75.55 and a 200-day moving average price of $79.55. The firm has a market capitalization of $6.65 billion, a P/E ratio of 50.14 and a beta of 1.92. ARK Innovation ETF has a one year low of $38.57 and a one year high of $92.65.
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 issued by ARK.
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