ARK Fintech Innovation ETF (NYSEARCA:ARKF) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management decreased its holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 70.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,293 shares of the company’s stock after selling 19,445 shares during the period. Financial Advocates Investment Management’s holdings in ARK Fintech Innovation ETF were worth $307,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in ARK Fintech Innovation ETF during the third quarter worth about $28,000. Capital Performance Advisors LLP acquired a new stake in shares of ARK Fintech Innovation ETF during the 3rd quarter worth approximately $48,000. MBA Advisors LLC purchased a new stake in shares of ARK Fintech Innovation ETF during the 3rd quarter valued at approximately $202,000. Janney Montgomery Scott LLC acquired a new position in ARK Fintech Innovation ETF in the fourth quarter valued at approximately $203,000. Finally, Tyler Stone Wealth Management grew its position in ARK Fintech Innovation ETF by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 7,120 shares of the company’s stock worth $212,000 after acquiring an additional 3,560 shares during the period.

ARK Fintech Innovation ETF Stock Down 0.0 %

NYSEARCA:ARKF opened at $42.03 on Monday. ARK Fintech Innovation ETF has a 52 week low of $22.85 and a 52 week high of $42.72. The stock’s fifty day moving average is $39.60 and its two-hundred day moving average is $33.73. The company has a market capitalization of $1.52 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 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.