Raymond James Financial Inc. Takes Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Raymond James Financial Inc. bought a new position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 91,161 shares of the company’s stock, valued at approximately $3,378,000. Raymond James Financial Inc. owned 0.25% of ARK Fintech Innovation ETF at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ARKF. Flow Traders U.S. LLC acquired a new position in shares of ARK Fintech Innovation ETF during the 3rd quarter valued at $7,416,000. Stratos Wealth Partners LTD. boosted its stake 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 purchasing an additional 45,529 shares during the period. Synergy Asset Management LLC acquired a new position in shares of ARK Fintech Innovation ETF during the fourth quarter valued at $1,873,000. Beta Wealth Group Inc. boosted its stake in 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 valued at $1,457,000 after purchasing an additional 1,635 shares in the last quarter. Finally, United Asset Strategies Inc. lifted its holdings in ARK Fintech Innovation ETF by 3.9% in the 4th quarter. United Asset Strategies Inc. now owns 35,702 shares of the company’s stock valued at $1,323,000 after acquiring an additional 1,346 shares during the last quarter.

ARK Fintech Innovation ETF Stock Down 1.3 %

Shares of ARK Fintech Innovation ETF stock opened at $35.29 on Friday. ARK Fintech Innovation ETF has a 12 month low of $22.85 and a 12 month high of $44.72. The stock has a market cap of $940.48 million, a PE ratio of 39.66 and a beta of 1.82. The business has a fifty day simple moving average of $38.99 and a 200-day simple moving average of $36.20.

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.