Strategic Advisors LLC Invests $208,000 in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Strategic Advisors LLC purchased a new position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,619 shares of the company’s stock, valued at approximately $208,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Allworth Financial LP grew its holdings in shares of ARK Fintech Innovation ETF by 89.7% in the fourth quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock worth $148,000 after purchasing an additional 1,726 shares during the last quarter. MBA Advisors LLC grew its holdings in ARK Fintech Innovation ETF by 3.7% during the 4th quarter. MBA Advisors LLC now owns 7,013 shares of the company’s stock worth $260,000 after acquiring an additional 247 shares in the last quarter. Golden State Wealth Management LLC bought a new position in ARK Fintech Innovation ETF during the 4th quarter worth about $34,000. Insight Advisors LLC PA grew its holdings in ARK Fintech Innovation ETF by 5.8% during the 4th quarter. Insight Advisors LLC PA now owns 16,580 shares of the company’s stock worth $622,000 after acquiring an additional 911 shares in the last quarter. Finally, Choreo LLC bought a new position in ARK Fintech Innovation ETF during the 4th quarter worth about $221,000.

ARK Fintech Innovation ETF Price Performance

Shares of ARK Fintech Innovation ETF stock opened at $44.43 on Tuesday. ARK Fintech Innovation ETF has a 1 year low of $22.85 and a 1 year high of $44.54. The firm’s 50-day moving average is $39.95 and its two-hundred day moving average is $34.41. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03.

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.