Gerber LLC Sells 924 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Gerber LLC reduced its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,558 shares of the company’s stock after selling 924 shares during the period. ARK Fintech Innovation ETF makes up about 2.6% of Gerber LLC’s portfolio, making the stock its 11th biggest holding. Gerber LLC’s holdings in ARK Fintech Innovation ETF were worth $3,615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARKF. Oppenheimer & Co. Inc. purchased a new stake in shares of ARK Fintech Innovation ETF in the fourth quarter worth $331,000. Truist Financial Corp lifted its holdings in shares of ARK Fintech Innovation ETF by 12.4% during the fourth quarter. Truist Financial Corp now owns 7,987 shares of the company’s stock valued at $296,000 after purchasing an additional 881 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of ARK Fintech Innovation ETF by 89.7% during the fourth quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock valued at $148,000 after purchasing an additional 1,726 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in ARK Fintech Innovation ETF in the 4th quarter worth approximately $203,000. Finally, Choreo LLC bought a new stake in ARK Fintech Innovation ETF in the 4th quarter worth approximately $221,000.

ARK Fintech Innovation ETF Stock Performance

ARKF opened at $34.41 on Thursday. The stock has a market cap of $949.72 million, a price-to-earnings ratio of 41.35 and a beta of 1.73. ARK Fintech Innovation ETF has a fifty-two week low of $22.85 and a fifty-two week high of $44.72. The firm’s fifty day moving average is $39.61 and its 200 day moving average is $35.69.

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.