United Asset Strategies Inc. Takes Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

United Asset Strategies Inc. purchased a new position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 34,274 shares of the company’s stock, valued at approximately $945,000. United Asset Strategies Inc. owned approximately 0.08% of ARK Fintech Innovation ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARKF. Granite Bay Wealth Management LLC boosted its holdings in shares of ARK Fintech Innovation ETF by 5,141.1% during the third quarter. Granite Bay Wealth Management LLC now owns 1,931,095 shares of the company’s stock worth $41,100,000 after purchasing an additional 1,894,250 shares during the period. Jane Street Group LLC increased its position in ARK Fintech Innovation ETF by 126.4% during the second quarter. Jane Street Group LLC now owns 372,245 shares of the company’s stock worth $5,767,000 after buying an additional 1,784,134 shares during the last quarter. International Assets Investment Management LLC bought a new position in ARK Fintech Innovation ETF during the fourth quarter valued at about $85,990,000. Flow Traders U.S. LLC acquired a new stake in shares of ARK Fintech Innovation ETF in the fourth quarter worth about $4,157,000. Finally, Price Capital Management Inc. acquired a new position in shares of ARK Fintech Innovation ETF during the 4th quarter valued at about $7,109,000.

ARK Fintech Innovation ETF Stock Up 0.2 %

Shares of NYSEARCA ARKF opened at $27.52 on Wednesday. The business’s 50 day moving average is $28.82 and its two-hundred day moving average is $25.13. ARK Fintech Innovation ETF has a 12 month low of $16.93 and a 12 month high of $30.99. The company has a market cap of $1.03 billion, a P/E ratio of 63.57 and a beta of 1.50.

ARK Fintech Innovation ETF Company Profile

The ARK Fintech Innovation ETF (ARKF) is an exchange-traded fund that mostly invests 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 Feb 4, 2019 and is managed by ARK.