NewEdge Advisors LLC trimmed its stake in ARK Fintech Innovation ETF (BATS:ARKF – Free Report) by 60.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,699 shares of the company’s stock after selling 13,541 shares during the quarter. NewEdge Advisors LLC’s holdings in ARK Fintech Innovation ETF were worth $331,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Two Sigma Investments LP purchased a new stake in shares of ARK Fintech Innovation ETF during the third quarter valued at $17,949,000. Midwest Financial Partners Investments Inc. purchased a new position in ARK Fintech Innovation ETF in the 4th quarter worth about $8,808,000. Northwestern Mutual Wealth Management Co. raised its holdings in ARK Fintech Innovation ETF by 1,276.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 178,033 shares of the company’s stock worth $8,480,000 after buying an additional 165,097 shares during the period. Quadrature Capital Ltd acquired a new stake in ARK Fintech Innovation ETF during the 3rd quarter worth about $7,541,000. Finally, Kingsview Wealth Management LLC lifted its stake in ARK Fintech Innovation ETF by 1,453.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 115,775 shares of the company’s stock valued at $5,514,000 after buying an additional 108,320 shares in the last quarter.
ARK Fintech Innovation ETF Price Performance
ARK Fintech Innovation ETF stock opened at $45.72 on Monday. The firm’s 50 day simple moving average is $41.27 and its 200-day simple moving average is $40.56. The company has a market cap of $1.10 billion, a P/E ratio of 36.31 and a beta of 1.89. ARK Fintech Innovation ETF has a fifty-two week low of $35.82 and a fifty-two week high of $59.20.
ARK Fintech Innovation ETF 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 issued by ARK.
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