ARK Fintech Innovation ETF (NYSEARCA:ARKF) Stock Position Lowered by US Bancorp DE

US Bancorp DE cut its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 24.1% during the third quarter, Holdings Channel reports. The firm owned 1,379 shares of the company’s stock after selling 438 shares during the quarter. US Bancorp DE’s holdings in ARK Fintech Innovation ETF were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Main Management ETF Advisors LLC raised its position in shares of ARK Fintech Innovation ETF by 0.8% during the second quarter. Main Management ETF Advisors LLC now owns 587,390 shares of the company’s stock worth $16,365,000 after purchasing an additional 4,530 shares during the period. Jane Street Group LLC raised its position in shares of ARK Fintech Innovation ETF by 764.0% during the first quarter. Jane Street Group LLC now owns 460,977 shares of the company’s stock worth $13,981,000 after purchasing an additional 407,625 shares during the period. Granite Bay Wealth Management LLC raised its position in shares of ARK Fintech Innovation ETF by 2,966.5% during the second quarter. Granite Bay Wealth Management LLC now owns 422,262 shares of the company’s stock worth $11,844,000 after purchasing an additional 408,492 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of ARK Fintech Innovation ETF by 7,942.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 252,443 shares of the company’s stock worth $7,033,000 after purchasing an additional 249,304 shares during the period. Finally, Cetera Investment Advisers raised its position in ARK Fintech Innovation ETF by 833.5% during the first quarter. Cetera Investment Advisers now owns 121,722 shares of the company’s stock valued at $3,692,000 after buying an additional 108,683 shares during the period.

ARK Fintech Innovation ETF Trading Up 0.2 %

NYSEARCA:ARKF opened at $37.00 on Monday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a 1-year low of $21.20 and a 1-year high of $38.70. The business’s fifty day moving average price is $31.09 and its 200 day moving average price is $28.80.

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.