Stephens Inc. AR lowered its stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,520 shares of the company’s stock after selling 1,295 shares during the period. Stephens Inc. AR’s holdings in ARK Fintech Innovation ETF were worth $353,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of ARKF. Flow Traders U.S. LLC purchased a new position in ARK Fintech Innovation ETF in the 3rd quarter worth approximately $7,416,000. Nwam LLC purchased a new position in shares of ARK Fintech Innovation ETF in the third quarter worth $1,641,000. Synergy Asset Management LLC bought a new stake in ARK Fintech Innovation ETF during the 4th quarter valued at $1,873,000. Stratos Wealth Partners LTD. raised its holdings in 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 buying an additional 45,529 shares during the last quarter. Finally, EQ LLC purchased a new stake in ARK Fintech Innovation ETF during the 3rd quarter valued at $255,000.
ARK Fintech Innovation ETF Trading Up 1.2 %
ARKF stock opened at $44.43 on Friday. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. The firm’s 50-day moving average price is $39.87 and its two-hundred day moving average price is $34.24. ARK Fintech Innovation ETF has a 12-month low of $22.85 and a 12-month high of $44.54.
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.
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