ARK Fintech Innovation ETF (NYSEARCA:ARKF) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,896 shares of the company’s stock after selling 884 shares during the period. Stifel Financial Corp owned approximately 0.06% of ARK Fintech Innovation ETF worth $623,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ARKF. Creative Planning lifted its stake in ARK Fintech Innovation ETF by 2.6% during the second quarter. Creative Planning now owns 23,070 shares of the company’s stock worth $643,000 after purchasing an additional 578 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of ARK Fintech Innovation ETF in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP purchased a new stake in shares of ARK Fintech Innovation ETF in the 3rd quarter valued at $48,000. United Asset Strategies Inc. lifted its stake in ARK Fintech Innovation ETF by 5.6% during the 3rd quarter. United Asset Strategies Inc. now owns 34,356 shares of the company’s stock worth $1,024,000 after acquiring an additional 1,837 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its holdings in ARK Fintech Innovation ETF by 12.5% during the 2nd quarter. Bridges Investment Management Inc. now owns 19,752 shares of the company’s stock valued at $550,000 after acquiring an additional 2,200 shares during the period.

ARK Fintech Innovation ETF Stock Up 2.3 %

Shares of ARKF opened at $39.04 on Thursday. ARK Fintech Innovation ETF has a fifty-two week low of $22.85 and a fifty-two week high of $41.71. The company has a market cap of $1.41 billion, a P/E ratio of 61.35 and a beta of 2.03. The firm’s 50 day moving average price is $36.50 and its 200 day moving average price is $31.06.

About ARK Fintech Innovation ETF

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.