Crescent Grove Advisors LLC Cuts Stock Holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Crescent Grove Advisors LLC decreased its holdings in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 11.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,352 shares of the company’s stock after selling 970 shares during the period. Crescent Grove Advisors LLC’s holdings in ARK Fintech Innovation ETF were worth $272,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new stake in shares of ARK Fintech Innovation ETF in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP bought a new stake in shares of ARK Fintech Innovation ETF in the 3rd quarter valued at about $48,000. MBA Advisors LLC bought a new stake in shares of ARK Fintech Innovation ETF in the 3rd quarter valued at about $202,000. Janney Montgomery Scott LLC bought a new stake in shares of ARK Fintech Innovation ETF in the 4th quarter valued at about $203,000. Finally, Tyler Stone Wealth Management boosted its holdings in shares of ARK Fintech Innovation ETF by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 7,120 shares of the company’s stock valued at $212,000 after buying an additional 3,560 shares in the last quarter.

ARK Fintech Innovation ETF Stock Performance

NYSEARCA:ARKF opened at $40.99 on Monday. The company’s 50-day simple moving average is $39.02 and its 200-day simple moving average is $32.81. The stock has a market capitalization of $1.48 billion, a P/E ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a fifty-two week low of $22.85 and a fifty-two week high of $41.71.

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 managed by ARK.