Ausdal Financial Partners Inc. Grows Position in ARK Innovation ETF $ARKK

Ausdal Financial Partners Inc. grew its holdings in shares of ARK Innovation ETF (BATS:ARKK) by 184.1% in the third quarter, HoldingsChannel.com reports. The fund owned 63,658 shares of the company’s stock after purchasing an additional 41,255 shares during the period. Ausdal Financial Partners Inc.’s holdings in ARK Innovation ETF were worth $5,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ARKK. Arkos Global Advisors purchased a new stake in ARK Innovation ETF in the third quarter valued at approximately $210,000. Creative Planning lifted its position in ARK Innovation ETF by 7.7% during the third quarter. Creative Planning now owns 39,105 shares of the company’s stock valued at $3,375,000 after purchasing an additional 2,788 shares during the last quarter. Equitable Holdings Inc. grew its stake in ARK Innovation ETF by 29.6% in the 3rd quarter. Equitable Holdings Inc. now owns 27,265 shares of the company’s stock worth $2,353,000 after buying an additional 6,234 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of ARK Innovation ETF by 942.9% in the 3rd quarter. Horizon Investments LLC now owns 730 shares of the company’s stock worth $63,000 after buying an additional 660 shares during the last quarter. Finally, Scotia Capital Inc. increased its holdings in shares of ARK Innovation ETF by 3.8% in the 3rd quarter. Scotia Capital Inc. now owns 50,812 shares of the company’s stock worth $4,385,000 after buying an additional 1,838 shares during the last quarter.

ARK Innovation ETF Stock Performance

ARK Innovation ETF stock opened at $70.25 on Friday. ARK Innovation ETF has a fifty-two week low of $38.57 and a fifty-two week high of $92.65. The stock has a market cap of $6.65 billion, a P/E ratio of 50.14 and a beta of 1.92. The firm’s fifty day moving average price is $75.55 and its 200-day moving average price is $79.55.

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 issued by ARK.