Truist Financial Corp Raises Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Truist Financial Corp raised its holdings in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,987 shares of the company’s stock after buying an additional 881 shares during the period. Truist Financial Corp’s holdings in ARK Fintech Innovation ETF were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARKF. Allworth Financial LP grew its holdings in shares of ARK Fintech Innovation ETF by 89.7% in the fourth quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock worth $148,000 after purchasing an additional 1,726 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in ARK Fintech Innovation ETF in the 4th quarter worth $203,000. Choreo LLC bought a new stake in ARK Fintech Innovation ETF in the 4th quarter worth $221,000. Perigon Wealth Management LLC purchased a new position in shares of ARK Fintech Innovation ETF in the fourth quarter valued at about $240,000. Finally, Capital Performance Advisors LLP bought a new position in shares of ARK Fintech Innovation ETF during the third quarter valued at about $48,000.

ARK Fintech Innovation ETF Price Performance

NYSEARCA ARKF opened at $37.79 on Thursday. ARK Fintech Innovation ETF has a 1 year low of $22.85 and a 1 year high of $44.72. The stock has a market capitalization of $1.04 billion, a PE ratio of 41.35 and a beta of 1.73. The business’s 50-day moving average is $39.92 and its 200 day moving average is $35.47.

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.