TRUE Private Wealth Advisors Takes Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

TRUE Private Wealth Advisors acquired a new stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,740 shares of the company’s stock, valued at approximately $655,000. TRUE Private Wealth Advisors owned 0.05% of ARK Fintech Innovation ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Baystate Wealth Management LLC grew its position in shares of ARK Fintech Innovation ETF by 83.4% in the third quarter. Baystate Wealth Management LLC now owns 1,282 shares of the company’s stock valued at $25,000 after purchasing an additional 583 shares in the last quarter. Concourse Financial Group Securities Inc. boosted its stake in ARK Fintech Innovation ETF by 81.9% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,532 shares of the company’s stock valued at $30,000 after buying an additional 690 shares during the period. Money Concepts Capital Corp boosted its stake in ARK Fintech Innovation ETF by 65.3% during the fourth quarter. Money Concepts Capital Corp now owns 2,441 shares of the company’s stock valued at $35,000 after buying an additional 964 shares during the period. Allworth Financial LP boosted its stake in ARK Fintech Innovation ETF by 82.2% during the third quarter. Allworth Financial LP now owns 1,924 shares of the company’s stock valued at $37,000 after buying an additional 868 shares during the period. Finally, US Bancorp DE boosted its stake in ARK Fintech Innovation ETF by 737.7% during the second quarter. US Bancorp DE now owns 1,801 shares of the company’s stock valued at $38,000 after buying an additional 1,586 shares during the period.

ARK Fintech Innovation ETF Stock Performance

NYSEARCA:ARKF opened at $27.23 on Thursday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 63.57 and a beta of 1.50. ARK Fintech Innovation ETF has a 52-week low of $16.93 and a 52-week high of $30.99. The stock has a fifty day moving average of $28.86 and a 200 day moving average of $25.21.

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.