Fintech
International Assets Investment Management LLC Decrease Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)
International Assets Investment Management LLC reduced its position in ARK Fintech Innovation ETF (NYSEARCH:ARKF – Free report) by 13.6% during the first quarter, the company said in its latest filing with the Securities and Exchange Commission (SEC). The firm owned 9,764 shares of the company’s stock after selling 1,540 shares during the period. International Assets Investment Management LLC’s holdings in the ARK Fintech Innovation ETF were worth $292,000 at the time of its latest filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares in the company. Gerber LLC acquired a new position in ARK Fintech Innovation ETF in the fourth quarter worth approximately $2,740,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of ARK Fintech Innovation ETF in the third quarter worth about $334,000. Raymond James & Associates increased its holdings in shares of ARK Fintech Innovation ETF by 3.2% during the fourth quarter. Raymond James & Associates now owns 100,955 shares of the company’s stock valued at $2,784,000 after purchasing an additional 3,150 shares during the period. Sowell Financial Services LLC purchased a new position in shares of ARK Fintech Innovation ETF during the fourth quarter worth about $1,171,000. Finally, during the third quarter, Banque Pictet & Cie SA purchased a new position in the ARK Fintech Innovation ETF valued at approximately $318,000.
Price performance of the ARK Fintech Innovation ETF
ARKF shares opened at $27.51 on Wednesday. The company has a market capitalization of $995.86 million, a P/E ratio of 61.35 and a beta of 2.03. The company’s 50-day moving average is $27.54 and its two hundred day moving average is $27.62. ARK Fintech Innovation ETF has a 1-year low of $17.37 and a 1-year high of $30.99.
About the ARK Fintech Innovation ETF
The ARK Fintech Innovation ETF (ARKF) is an exchange-traded fund that invests primarily in stocks based on a particular theme. The fund is an actively managed fund of stocks related to financial technology innovation. ARKF launched on February 4, 2019 and is operated by ARK.
Featured stories
Get news and ratings for ARK Fintech Innovation ETF every day – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for ARK Fintech Innovation ETF and related companies with MarketBeat.com’s FREE daily email newsletter.