Cetera Investment Advisers lifted its holdings in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report) by 833.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,722 shares of the company’s stock after buying an additional 108,683 shares during the period. Cetera Investment Advisers owned approximately 0.34% of ARK Fintech Innovation ETF worth $3,692,000 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. Principal Securities Inc. bought a new stake in ARK Fintech Innovation ETF during the fourth quarter worth approximately $25,000. Palisade Asset Management LLC bought a new position in shares of ARK Fintech Innovation ETF in the first quarter valued at $27,000. Vima LLC bought a new position in shares of ARK Fintech Innovation ETF in the fourth quarter valued at $40,000. PNC Financial Services Group Inc. increased its holdings in shares of ARK Fintech Innovation ETF by 283.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock valued at $44,000 after buying an additional 1,174 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of ARK Fintech Innovation ETF in the fourth quarter valued at $52,000.
ARK Fintech Innovation ETF Stock Performance
Shares of NYSEARCA ARKF traded up $0.20 during trading on Friday, hitting $26.09. The company had a trading volume of 260,963 shares, compared to its average volume of 523,468. The company has a market cap of $944.46 million, a P/E ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a 52 week low of $17.37 and a 52 week high of $30.99. The business’s 50-day moving average is $27.49 and its 200 day moving average is $27.85.
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.
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