Titleist Asset Management LLC Decreases Stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Titleist Asset Management LLC reduced its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 7.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 107,695 shares of the company’s stock after selling 9,119 shares during the quarter. Titleist Asset Management LLC owned about 0.30% of ARK Fintech Innovation ETF worth $3,990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Whipplewood Advisors LLC bought a new stake in ARK Fintech Innovation ETF during the fourth quarter worth approximately $32,000. Golden State Wealth Management LLC purchased a new stake in shares of ARK Fintech Innovation ETF in the fourth quarter valued at $34,000. IFP Advisors Inc lifted its holdings in shares of ARK Fintech Innovation ETF by 10.2% in the 4th quarter. IFP Advisors Inc now owns 3,483 shares of the company’s stock worth $129,000 after acquiring an additional 323 shares during the last quarter. Allworth Financial LP boosted its stake in shares of ARK Fintech Innovation ETF by 89.7% during the 4th quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock worth $148,000 after purchasing an additional 1,726 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in ARK Fintech Innovation ETF during the 4th quarter valued at about $203,000.

ARK Fintech Innovation ETF Stock Performance

Shares of NYSEARCA ARKF opened at $29.78 on Friday. ARK Fintech Innovation ETF has a fifty-two week low of $22.85 and a fifty-two week high of $44.72. The company has a market cap of $775.77 million, a price-to-earnings ratio of 27.28 and a beta of 1.89. The business’s 50 day moving average price is $38.10 and its 200-day moving average price is $36.47.

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.