Private Advisor Group LLC Sells 1,109 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Private Advisor Group LLC trimmed its position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,653 shares of the company’s stock after selling 1,109 shares during the quarter. Private Advisor Group LLC owned 0.06% of ARK Fintech Innovation ETF worth $631,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Gerber LLC bought a new position in shares of ARK Fintech Innovation ETF in the fourth quarter worth about $2,740,000. PNC Financial Services Group Inc. boosted its position in ARK Fintech Innovation ETF by 283.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock valued at $44,000 after buying an additional 1,174 shares in the last quarter. Brookstone Capital Management grew its stake in shares of ARK Fintech Innovation ETF by 1.0% during the first quarter. Brookstone Capital Management now owns 114,766 shares of the company’s stock worth $3,481,000 after buying an additional 1,122 shares during the last quarter. Twin Focus Capital Partners LLC acquired a new position in shares of ARK Fintech Innovation ETF during the fourth quarter worth $1,260,000. Finally, Palisade Asset Management LLC acquired a new position in shares of ARK Fintech Innovation ETF during the first quarter worth $27,000.

ARK Fintech Innovation ETF Stock Up 1.0 %

NYSEARCA ARKF opened at $28.84 on Wednesday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a twelve month low of $17.37 and a twelve month high of $30.99. The business’s fifty day moving average is $27.55 and its 200 day moving average is $28.00.

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.