Truist Financial Corp Sells 468 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Truist Financial Corp reduced its holdings in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,190 shares of the company’s stock after selling 468 shares during the quarter. Truist Financial Corp’s holdings in ARK Fintech Innovation ETF were worth $200,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in shares of ARK Fintech Innovation ETF by 283.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock valued at $44,000 after acquiring an additional 1,174 shares during the period. Brookstone Capital Management increased its stake 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 during the last quarter. Cetera Investment Advisers increased its stake in ARK Fintech Innovation ETF by 833.5% in the 1st quarter. Cetera Investment Advisers now owns 121,722 shares of the company’s stock worth $3,692,000 after acquiring an additional 108,683 shares during the last quarter. CWM LLC raised its holdings in shares of ARK Fintech Innovation ETF by 1.9% in the 2nd quarter. CWM LLC now owns 45,122 shares of the company’s stock valued at $1,257,000 after acquiring an additional 845 shares in the last quarter. Finally, Palisade Asset Management LLC bought a new stake in shares of ARK Fintech Innovation ETF during the 1st quarter valued at about $27,000.

ARK Fintech Innovation ETF Trading Up 2.4 %

ARKF stock opened at $31.90 on Friday. The company’s 50 day moving average is $28.84 and its 200 day moving average is $28.07. The stock has a market cap of $1.15 billion, a price-to-earnings 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 $31.92.

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.