ARK Fintech Innovation ETF (NYSEARCA:ARKF) Stake Trimmed by HighTower Advisors LLC

HighTower Advisors LLC cut its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 23.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,307 shares of the company’s stock after selling 6,584 shares during the quarter. HighTower Advisors LLC owned 0.06% of ARK Fintech Innovation ETF worth $789,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARKF. Global View Capital Management LLC acquired a new stake in ARK Fintech Innovation ETF during the 4th quarter valued at $978,000. Raymond James Financial Inc. purchased a new position in shares of ARK Fintech Innovation ETF during the fourth quarter valued at $3,378,000. Oppenheimer & Co. Inc. acquired a new position in ARK Fintech Innovation ETF during the fourth quarter valued at $331,000. Whipplewood Advisors LLC purchased a new stake in ARK Fintech Innovation ETF in the 4th quarter worth about $32,000. Finally, EdgeRock Capital LLC lifted its stake in ARK Fintech Innovation ETF by 45.4% in the 4th quarter. EdgeRock Capital LLC now owns 17,317 shares of the company’s stock worth $642,000 after acquiring an additional 5,405 shares in the last quarter.

ARK Fintech Innovation ETF Price Performance

NYSEARCA:ARKF opened at $35.29 on Friday. The stock has a market cap of $940.48 million, a PE ratio of 39.66 and a beta of 1.82. ARK Fintech Innovation ETF has a fifty-two week low of $22.85 and a fifty-two week high of $44.72. The stock’s 50-day moving average is $38.99 and its two-hundred day moving average is $36.20.

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.