Financial Advocates Investment Management reduced its position in ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report) by 70.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,293 shares of the company’s stock after selling 19,445 shares during the quarter. Financial Advocates Investment Management’s holdings in ARK Fintech Innovation ETF were worth $307,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Flow Traders U.S. LLC purchased a new position in shares of ARK Fintech Innovation ETF in the third quarter valued at approximately $7,416,000. Nwam LLC purchased a new position in ARK Fintech Innovation ETF in the 3rd quarter valued at approximately $1,641,000. Synergy Asset Management LLC purchased a new position in ARK Fintech Innovation ETF in the 4th quarter valued at approximately $1,873,000. Stratos Wealth Partners LTD. grew its stake in shares of ARK Fintech Innovation ETF by 190.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 69,445 shares of the company’s stock worth $2,573,000 after acquiring an additional 45,529 shares in the last quarter. Finally, EQ LLC purchased a new stake in shares of ARK Fintech Innovation ETF during the third quarter worth $255,000.
ARK Fintech Innovation ETF Trading Down 0.0 %
NYSEARCA:ARKF opened at $42.03 on Monday. ARK Fintech Innovation ETF has a 12-month low of $22.85 and a 12-month high of $42.72. The firm has a market cap of $1.52 billion, a PE ratio of 61.35 and a beta of 2.03. The stock has a fifty day moving average price of $39.60 and a 200 day moving average price of $33.73.
ARK Fintech Innovation ETF Company Profile
The ARK Fintech Innovation ETF (ARKF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of stocks related to financial technology innovation. ARKF was launched on Feb 4, 2019 and is managed by ARK.
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