Clearwater Capital Advisors LLC Decreases Stock Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Clearwater Capital Advisors LLC cut its holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,862 shares of the company’s stock after selling 18,882 shares during the period. ARK Fintech Innovation ETF comprises about 0.9% of Clearwater Capital Advisors LLC’s holdings, making the stock its 28th largest position. Clearwater Capital Advisors LLC owned about 0.72% of ARK Fintech Innovation ETF worth $9,591,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in ARK Fintech Innovation ETF in the 3rd quarter valued at about $28,000. Whipplewood Advisors LLC purchased a new position in ARK Fintech Innovation ETF in the 4th quarter valued at about $32,000. Golden State Wealth Management LLC purchased a new position in ARK Fintech Innovation ETF in the 4th quarter valued at about $34,000. IFP Advisors Inc lifted its holdings in ARK Fintech Innovation ETF by 10.2% in the 4th quarter. IFP Advisors Inc now owns 3,483 shares of the company’s stock valued at $129,000 after purchasing an additional 323 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in ARK Fintech Innovation ETF by 89.7% in the 4th quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock valued at $148,000 after purchasing an additional 1,726 shares in the last quarter.

ARK Fintech Innovation ETF Trading Up 4.0 %

NYSEARCA:ARKF opened at $34.28 on Monday. The firm has a market cap of $913.56 million, a price-to-earnings ratio of 39.66 and a beta of 1.82. The company’s 50-day moving average is $39.43 and its two-hundred day moving average is $35.82. ARK Fintech Innovation ETF has a 12-month low of $22.85 and a 12-month high of $44.72.

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.