ARK Fintech Innovation ETF (NYSEARCA:ARKF) Sets New 1-Year High – Here’s What Happened

ARK Fintech Innovation ETF (NYSEARCA:ARKF)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $45.49 and last traded at $45.06, with a volume of 306215 shares traded. The stock had previously closed at $44.50.

ARK Fintech Innovation ETF Stock Performance

The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 29.29 and a beta of 1.89. The business’s 50-day simple moving average is $38.12 and its 200-day simple moving average is $38.29.

Institutional Trading of ARK Fintech Innovation ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in shares of ARK Fintech Innovation ETF by 717.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 695 shares of the company’s stock worth $26,000 after purchasing an additional 610 shares during the last quarter. Park Square Financial Group LLC bought a new position in ARK Fintech Innovation ETF during the fourth quarter worth about $30,000. Whipplewood Advisors LLC bought a new position in ARK Fintech Innovation ETF during the fourth quarter worth about $32,000. von Borstel & Associates Inc. acquired a new position in shares of ARK Fintech Innovation ETF during the 1st quarter worth about $33,000. Finally, Copia Wealth Management bought a new stake in shares of ARK Fintech Innovation ETF in the 4th quarter valued at about $43,000.

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.