Oppenheimer & Co. Inc. Makes New Investment in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Oppenheimer & Co. Inc. bought a new position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,932 shares of the company’s stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Flow Traders U.S. LLC purchased a new position in shares of ARK Fintech Innovation ETF during the 3rd quarter worth approximately $7,416,000. Stratos Wealth Partners LTD. grew its holdings in shares of 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 worth $2,573,000 after acquiring an additional 45,529 shares during the period. Nwam LLC purchased a new position in shares of ARK Fintech Innovation ETF during the 3rd quarter worth approximately $1,641,000. Synergy Asset Management LLC purchased a new position in shares of ARK Fintech Innovation ETF during the 4th quarter worth approximately $1,873,000. Finally, Beta Wealth Group Inc. grew its holdings in shares of ARK Fintech Innovation ETF by 4.3% during the 4th quarter. Beta Wealth Group Inc. now owns 39,327 shares of the company’s stock worth $1,457,000 after acquiring an additional 1,635 shares during the period.

ARK Fintech Innovation ETF Stock Performance

ARKF stock opened at $35.91 on Friday. The company has a market capitalization of $991.12 million, a price-to-earnings ratio of 41.35 and a beta of 1.73. The business’s 50 day moving average price is $39.82 and its two-hundred day moving average price is $35.53. ARK Fintech Innovation ETF has a fifty-two week low of $22.85 and a fifty-two week high of $44.72.

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.