Ausdal Financial Partners Inc. Sells 8,145 Shares of ARK Innovation ETF (NYSEARCA:ARKK)

Ausdal Financial Partners Inc. decreased its position in ARK Innovation ETF (NYSEARCA:ARKK) by 18.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,775 shares of the company’s stock after selling 8,145 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in ARK Innovation ETF were worth $1,616,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ARKK. Granite Bay Wealth Management LLC grew its stake in shares of ARK Innovation ETF by 3,969.2% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock worth $62,559,000 after acquiring an additional 1,357,875 shares in the last quarter. Total Investment Management Inc. grew its stake in shares of ARK Innovation ETF by 8,939.1% in the 1st quarter. Total Investment Management Inc. now owns 1,130,159 shares of the company’s stock worth $56,598,000 after acquiring an additional 1,117,656 shares in the last quarter. McCarthy & Cox bought a new stake in shares of ARK Innovation ETF in the 1st quarter worth $16,409,000. Global Assets Advisory LLC bought a new position in ARK Innovation ETF during the first quarter valued at about $15,603,000. Finally, Gerber LLC bought a new position in ARK Innovation ETF during the fourth quarter valued at about $11,271,000.

ARK Innovation ETF Price Performance

ARKK traded down $2.01 during trading on Friday, hitting $41.59. 10,392,528 shares of the company traded hands, compared to its average volume of 11,304,919. The stock’s fifty day moving average is $44.58 and its 200 day moving average is $45.65. ARK Innovation ETF has a one year low of $33.76 and a one year high of $54.52.

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.