Golden State Wealth Management LLC bought a new position in ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 907 shares of the company’s stock, valued at approximately $34,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new stake in ARK Fintech Innovation ETF during the third quarter valued at about $7,416,000. Stratos Wealth Partners LTD. increased its position in shares of ARK Fintech Innovation ETF by 190.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 69,445 shares of the company’s stock valued at $2,573,000 after purchasing an additional 45,529 shares during the last quarter. Nwam LLC purchased a new position in shares of ARK Fintech Innovation ETF during the 3rd quarter valued at about $1,641,000. Synergy Asset Management LLC bought a new stake in shares of ARK Fintech Innovation ETF in the 4th quarter worth approximately $1,873,000. Finally, Beta Wealth Group Inc. lifted its stake in ARK Fintech Innovation ETF by 13.7% in the third quarter. Beta Wealth Group Inc. now owns 37,692 shares of the company’s stock worth $1,124,000 after purchasing an additional 4,539 shares during the last quarter.
ARK Fintech Innovation ETF Trading Down 1.3 %
Shares of NYSEARCA:ARKF opened at $42.06 on Wednesday. The stock has a market capitalization of $1.52 billion, a P/E ratio of 61.35 and a beta of 2.03. The stock’s 50-day moving average price is $39.66 and its 200-day moving average price is $33.84. ARK Fintech Innovation ETF has a 12-month low of $22.85 and a 12-month high of $42.81.
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.
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