Ausdal Financial Partners Inc. Boosts Holdings in ARK Innovation ETF (NYSEARCA:ARKK)

Ausdal Financial Partners Inc. lifted its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 142.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,576 shares of the company’s stock after purchasing an additional 9,163 shares during the period. Ausdal Financial Partners Inc.’s holdings in ARK Innovation ETF were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ARKK. Brown Brothers Harriman & Co. purchased a new position in ARK Innovation ETF in the 3rd quarter valued at $76,000. D.A. Davidson & CO. lifted its stake in shares of ARK Innovation ETF by 3.1% in the third quarter. D.A. Davidson & CO. now owns 12,172 shares of the company’s stock worth $579,000 after buying an additional 361 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in ARK Innovation ETF during the 3rd quarter valued at about $202,000. Centiva Capital LP raised its holdings in ARK Innovation ETF by 146.6% in the 3rd quarter. Centiva Capital LP now owns 16,175 shares of the company’s stock valued at $769,000 after acquiring an additional 50,887 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its stake in ARK Innovation ETF by 17.2% in the 3rd quarter. IHT Wealth Management LLC now owns 82,185 shares of the company’s stock worth $3,939,000 after purchasing an additional 12,071 shares in the last quarter.

ARK Innovation ETF Price Performance

Shares of ARK Innovation ETF stock opened at $51.66 on Thursday. ARK Innovation ETF has a 1-year low of $36.85 and a 1-year high of $68.43. The stock has a market cap of $5.67 billion, a P/E ratio of 41.12 and a beta of 1.89. The stock’s 50 day simple moving average is $57.85 and its 200-day simple moving average is $54.67.

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 managed by ARK.