ARK Fintech Innovation ETF (NYSEARCA:ARKF) Shares Sold by Financial Perspectives Inc

Financial Perspectives Inc lessened its holdings in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 50.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,661 shares of the company’s stock after selling 2,694 shares during the quarter. Financial Perspectives Inc’s holdings in ARK Fintech Innovation ETF were worth $99,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in ARK Fintech Innovation ETF during the 4th quarter valued at approximately $34,000. Darwin Wealth Management LLC acquired a new position in shares of ARK Fintech Innovation ETF in the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new position in shares of ARK Fintech Innovation ETF in the 3rd quarter worth approximately $48,000. Allworth Financial LP grew its position in shares of ARK Fintech Innovation ETF by 89.7% in the 4th quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock worth $148,000 after acquiring an additional 1,726 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of ARK Fintech Innovation ETF in the 4th quarter worth approximately $203,000.

ARK Fintech Innovation ETF Trading Down 0.9 %

Shares of ARKF opened at $44.01 on Wednesday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. The stock has a 50 day moving average of $39.95 and a 200-day moving average of $34.41. ARK Fintech Innovation ETF has a 52 week low of $22.85 and a 52 week high of $44.72.

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.