Fintech
Reduced holding of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by Envestnet Portfolio Solutions Inc.
Envestnet Portfolio Solutions Inc. reduced its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,377 shares of the company’s stock after selling 873 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in the ARK Fintech Innovation ETF were worth $452,000 at the end of the latest quarter.
Several other hedge funds have also recently increased or reduced their holdings in ARKF. International Assets Investment Management LLC acquired a new position in shares of ARK Fintech Innovation ETF in the fourth quarter worth approximately $85,990,000. Price Capital Management Inc. purchased a new position in ARK Fintech Innovation ETF in the fourth quarter worth about $7,109,000. KFG Wealth Management LLC acquired a new stake in shares of ARK Fintech Innovation ETF in the fourth quarter valued at approximately $4,374,000. Kingsview Wealth Management LLC acquired a new position in shares of ARK Fintech Innovation ETF during the third quarter worth about $1,234,000. Finally, Sowell Financial Services LLC purchased a new position in ARK Fintech Innovation ETF in the 4th quarter worth about $1,171,000.
Price performance of the ARK Fintech Innovation ETF
Shares of Shares of the ARK Fintech Innovation ETF it opened at $27.93 on Thursday. The ARK Fintech Innovation ETF has a 1-year low of $17.37 and a 1-year high of $30.99. The company’s fifty day moving average price is $28.52 and its two hundred day moving average price is $26.75. The company has a market capitalization of $1.01 billion, a P/E ratio of 61.35 and a beta of 2.03.
ARK Fintech Innovation ETF Profile
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.
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