Ausdal Financial Partners Inc. lowered its stake in shares of ARK Innovation ETF (NYSEARCA:ARKK – Free Report) by 18.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 36,775 shares of the company’s stock after selling 8,145 shares during the period. Ausdal Financial Partners Inc.’s holdings in ARK Innovation ETF were worth $1,616,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in ARKK. International Assets Investment Management LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at about $1,791,000. Apollon Wealth Management LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at about $286,000. Principal Securities Inc. purchased a new stake in ARK Innovation ETF during the fourth quarter valued at about $343,000. Cary Street Partners Investment Advisory LLC lifted its holdings in ARK Innovation ETF by 246.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 25,781 shares of the company’s stock valued at $1,350,000 after purchasing an additional 18,340 shares during the last quarter. Finally, Strategic Advocates LLC purchased a new stake in ARK Innovation ETF during the fourth quarter valued at about $207,000.
ARK Innovation ETF Price Performance
NYSEARCA ARKK traded down $2.01 during trading on Friday, hitting $41.59. 10,392,528 shares of the company’s stock traded hands, compared to its average volume of 11,304,919. ARK Innovation ETF has a 12-month low of $33.76 and a 12-month high of $54.52. The business has a 50 day moving average of $44.58 and a 200-day moving average of $45.65.
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 managed by ARK.
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