Mercer Global Advisors Inc. ADV Purchases 249,304 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Mercer Global Advisors Inc. ADV boosted its position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 7,942.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 252,443 shares of the company’s stock after purchasing an additional 249,304 shares during the period. Mercer Global Advisors Inc. ADV owned about 0.70% of ARK Fintech Innovation ETF worth $7,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jane Street Group LLC lifted its position in 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 valued at $13,981,000 after purchasing an additional 407,625 shares in the last quarter. Granite Bay Wealth Management LLC lifted its position in shares of ARK Fintech Innovation ETF by 2,966.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 422,262 shares of the company’s stock valued at $11,844,000 after buying an additional 408,492 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of ARK Fintech Innovation ETF by 833.5% during the 1st 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 in the last quarter. Flow Traders U.S. LLC bought a new position in shares of ARK Fintech Innovation ETF during the 1st quarter valued at approximately $3,674,000. Finally, Brookstone Capital Management increased its holdings in ARK Fintech Innovation ETF by 1.0% in the 1st quarter. Brookstone Capital Management now owns 114,766 shares of the company’s stock worth $3,481,000 after acquiring an additional 1,122 shares in the last quarter.

ARK Fintech Innovation ETF Price Performance

Shares of NYSEARCA:ARKF opened at $29.53 on Friday. The company has a market capitalization of $1.07 billion, a P/E ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a 1-year low of $17.37 and a 1-year high of $30.99. The firm’s 50 day simple moving average is $27.63 and its two-hundred day simple moving average is $28.02.

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.