Commonwealth Equity Services LLC Trims Stock Holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Commonwealth Equity Services LLC lowered its stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 21.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,546 shares of the company’s stock after selling 14,693 shares during the quarter. Commonwealth Equity Services LLC owned about 0.15% of ARK Fintech Innovation ETF worth $2,021,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Whipplewood Advisors LLC purchased a new position in ARK Fintech Innovation ETF during the 4th quarter valued at about $32,000. Golden State Wealth Management LLC purchased a new position in shares of ARK Fintech Innovation ETF in the fourth quarter valued at approximately $34,000. IFP Advisors Inc grew its holdings in shares of ARK Fintech Innovation ETF by 10.2% in the fourth quarter. IFP Advisors Inc now owns 3,483 shares of the company’s stock valued at $129,000 after purchasing an additional 323 shares in the last quarter. Allworth Financial LP increased its stake in ARK Fintech Innovation ETF by 89.7% during the 4th quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock worth $148,000 after buying an additional 1,726 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in ARK Fintech Innovation ETF during the 4th quarter worth approximately $203,000.

ARK Fintech Innovation ETF Stock Down 1.3 %

NYSEARCA:ARKF opened at $35.29 on Friday. ARK Fintech Innovation ETF has a 52 week low of $22.85 and a 52 week high of $44.72. The company has a fifty day simple moving average of $38.99 and a two-hundred day simple moving average of $36.20. The company has a market cap of $940.48 million, a price-to-earnings ratio of 39.66 and a beta of 1.82.

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.