Financial Perspectives Inc Reduces Holdings in ARK Fintech Innovation ETF $ARKF

Financial Perspectives Inc decreased its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 61.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 990 shares of the company’s stock after selling 1,563 shares during the period. Financial Perspectives Inc’s holdings in ARK Fintech Innovation ETF were worth $50,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARKF. Wealth Enhancement Advisory Services LLC increased its stake in ARK Fintech Innovation ETF by 7.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,491 shares of the company’s stock worth $282,000 after buying an additional 567 shares during the period. Golden State Wealth Management LLC increased its stake in ARK Fintech Innovation ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,814 shares of the company’s stock worth $60,000 after buying an additional 907 shares during the period. von Borstel & Associates Inc. purchased a new stake in ARK Fintech Innovation ETF during the 1st quarter worth $33,000. Concurrent Investment Advisors LLC purchased a new stake in ARK Fintech Innovation ETF during the 1st quarter worth $215,000. Finally, Allworth Financial LP increased its stake in ARK Fintech Innovation ETF by 18.5% during the 1st quarter. Allworth Financial LP now owns 4,325 shares of the company’s stock worth $154,000 after buying an additional 675 shares during the period.

ARK Fintech Innovation ETF Price Performance

ARK Fintech Innovation ETF stock opened at $54.51 on Monday. ARK Fintech Innovation ETF has a 12-month low of $27.70 and a 12-month high of $59.20. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 36.31 and a beta of 1.50. The firm’s fifty day moving average price is $55.16 and its 200 day moving average price is $47.58.

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.