Fintech
Steward Partners Investment Advisory LLC Sells 510 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)
Steward Partners Investment Advisory LLC reduced its holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,739 shares of the company’s stock after selling 510 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in the ARK Fintech Innovation ETF were worth $296,000 at the time of its latest filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in ARKF. International Assets Investment Management LLC bought a new stake in ARK Fintech Innovation ETF in the fourth quarter valued at approximately $85,990,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of ARK Fintech Innovation ETF during the third quarter worth about $334,000. 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 valued at $2,784,000 after purchasing an additional 3,150 shares during the period. Banque Pictet & Cie SA bought a new position in shares of ARK Fintech Innovation ETF worth $318,000 in the third quarter. Finally, Sowell Financial Services LLC acquired a new stake in ARK Fintech Innovation ETF in the 4th quarter worth $1,171,000.
ARK Fintech Innovation ETF trades down 1.4%
Shares of ARKF shares it opened at $27.39 on Friday. The ARK Fintech Innovation ETF has a 12-month low of $17.37 and a 12-month high of $30.99. The company has a market capitalization of $991.52 million, a PE ratio of 61.35 and a beta of 2.03. The company has a fifty day simple moving average of $27.88 and a two hundred day simple moving average of $27.27.
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.
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