ARK Fintech Innovation ETF (BATS:ARKF – Get Free Report)’s share price fell 1.9% on Monday. The stock traded as low as $45.75 and last traded at $45.97. 87,138 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 200,553 shares. The stock had previously closed at $46.88.
ARK Fintech Innovation ETF Trading Down 0.7%
The stock has a 50 day simple moving average of $44.26 and a 200-day simple moving average of $41.84. The firm has a market cap of $1.10 billion, a PE ratio of 36.31 and a beta of 1.89.
Institutional Trading of ARK Fintech Innovation ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in ARKF. Northwestern Mutual Wealth Management Co. boosted its position in shares of ARK Fintech Innovation ETF by 215.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 40,799 shares of the company’s stock worth $1,943,000 after acquiring an additional 27,863 shares during the last quarter. Larry Mathis Financial Planning LLC purchased a new position in ARK Fintech Innovation ETF during the fourth quarter valued at $970,000. GoalVest Advisory LLC bought a new stake in ARK Fintech Innovation ETF in the 2nd quarter valued at $720,000. Sanctuary Advisors LLC increased its holdings in ARK Fintech Innovation ETF by 206.6% in the 1st quarter. Sanctuary Advisors LLC now owns 27,588 shares of the company’s stock valued at $1,049,000 after acquiring an additional 18,590 shares during the last quarter. Finally, Clearwater Capital Advisors LLC lifted its stake in ARK Fintech Innovation ETF by 8.5% in the 1st quarter. Clearwater Capital Advisors LLC now owns 245,638 shares of the company’s stock worth $9,337,000 after purchasing an additional 19,143 shares in the last quarter.
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 issued by ARK.
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