EdgeRock Capital LLC Sells 6,386 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

EdgeRock Capital LLC lessened its holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 36.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 10,931 shares of the company’s stock after selling 6,386 shares during the period. EdgeRock Capital LLC’s holdings in ARK Fintech Innovation ETF were worth $364,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. LPL Financial LLC grew its position in shares of ARK Fintech Innovation ETF by 3.2% during the 4th quarter. LPL Financial LLC now owns 861,231 shares of the company’s stock worth $31,909,000 after buying an additional 27,036 shares in the last quarter. GTS Securities LLC grew its position in shares of ARK Fintech Innovation ETF by 654.1% during the 4th quarter. GTS Securities LLC now owns 261,669 shares of the company’s stock worth $9,695,000 after buying an additional 226,969 shares in the last quarter. Marshall Wace LLP grew its position in shares of ARK Fintech Innovation ETF by 303.6% during the 4th quarter. Marshall Wace LLP now owns 117,813 shares of the company’s stock worth $4,365,000 after buying an additional 88,620 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of ARK Fintech Innovation ETF by 30.1% during the 4th quarter. Wells Fargo & Company MN now owns 102,774 shares of the company’s stock worth $3,808,000 after buying an additional 23,780 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ARK Fintech Innovation ETF during the 4th quarter worth $3,378,000.

ARK Fintech Innovation ETF Trading Down 0.4%

ARKF opened at $44.50 on Wednesday. ARK Fintech Innovation ETF has a 12-month low of $22.85 and a 12-month high of $45.06. The business’s fifty day simple moving average is $37.23 and its 200-day simple moving average is $38.17. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 29.29 and a beta of 1.89.

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 managed by ARK.