Fintech
Shares of the ARK Fintech Innovation ETF (NYSEARCA:ARKF) have been acquired by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. has increased its stake in shares of ARK Fintech Innovation ETF (NYSEARCH:ARKF – Free Report) by 283.6% during the 4th quarter, the company said in its latest 13F filing with the SEC. The firm owned 1,588 shares of the company after purchasing an additional 1,174 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ARK Fintech Innovation ETF were worth $44,000 as of its latest SEC filing.
Several other hedge funds and other institutional investors have recently bought and sold shares of ARKF. International Assets Investment Management LLC purchased a new stake in the ARK Fintech Innovation ETF during the fourth quarter worth approximately $85,990,000. Price Capital Management Inc. purchased a new position in the ARK Fintech Innovation ETF during the fourth quarter worth approximately $7,109,000. KFG Wealth Management LLC acquired a new stake in the ARK Fintech Innovation ETF during the fourth quarter worth approximately $4,374,000. Raymond James & Associates increased its position 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 worth $2,784,000 after acquiring an additional 3,150 shares during the last quarter. Finally, in the fourth quarter, Gerber LLC acquired a new position in shares of ARK Fintech Innovation ETF valued at approximately $2,740,000.
ARK Fintech Innovation ETF Shares Up 0.5%
Actions of NYSEARCA ARKF Search opened at $28.18 on Monday. The company has a 50-day moving average price of $27.62 and a 200-day moving average price of $27.71. 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.
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.
See also
Want to see which other hedge funds hold ARKF stock? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for ARK Fintech Innovation ETF (NYSEARCH:ARKF – Free Report).
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