Fintech
Palisade Asset Management LLC Makes New $27,000 Investment in ARK Fintech Innovation ETF (NYSEARCA:ARKF)
Palisade Asset Management LLC has purchased a new position in shares of ARK Fintech Innovation ETF (NYSEARCH:ARKF – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 900 shares of the company, worth about $27,000.
A number of other institutional investors have also recently bought and sold shares of the company. TRUE Private Wealth Advisors increased its holdings of ARK Fintech Innovation ETF by 1.9% during the 1st quarter. TRUE Private Wealth Advisors now owns 24,185 shares of the company’s stock worth $734,000 after purchasing an additional 445 shares during the last quarter. Principal Securities Inc. bought a new stake in ARK Fintech Innovation ETF during the 4th quarter worth about $25,000. Brookstone Capital Management increased its holdings of ARK Fintech Innovation ETF by 1.0% during the 1st quarter. Brookstone Capital Management now owns 114,766 shares of the company’s stock worth $3,481,000 after purchasing an additional 1,122 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in ARK Fintech Innovation ETF by 283.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock worth $44,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in ARK Fintech Innovation ETF by 5.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 30,027 shares of the company’s stock worth $828,000 after purchasing an additional 1,439 shares during the last quarter.
ARK Fintech Innovation ETF Stock Performance
ARK Fintech Innovation ETF Action opened at $28.18 on Monday. ARK Fintech Innovation ETF has a 52-week low of $17.37 and a 52-week high of $30.99. The company has a market cap of $1.02 billion, a P/E ratio of 61.35, and a beta of 2.03. The stock has a 50-day simple moving average of $27.62 and a 200-day simple moving average of $27.71.
About 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 was launched on February 4, 2019 and is managed by ARK.
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