ARK Fintech Innovation ETF (NYSEARCA:ARKF) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. lowered its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 39.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,960 shares of the company’s stock after selling 7,792 shares during the period. Bridges Investment Management Inc.’s holdings in ARK Fintech Innovation ETF were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ARKF. Allworth Financial LP increased its stake in ARK Fintech Innovation ETF by 89.7% during the fourth quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock worth $148,000 after acquiring an additional 1,726 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter worth about $203,000. Choreo LLC purchased a new stake in ARK Fintech Innovation ETF in the 4th quarter valued at about $221,000. EdgeRock Capital LLC lifted its position in ARK Fintech Innovation ETF by 45.4% in the fourth quarter. EdgeRock Capital LLC now owns 17,317 shares of the company’s stock valued at $642,000 after buying an additional 5,405 shares during the last quarter. Finally, Perigon Wealth Management LLC acquired a new position in ARK Fintech Innovation ETF in the fourth quarter valued at about $240,000.

ARK Fintech Innovation ETF Price Performance

Shares of ARKF opened at $36.79 on Tuesday. The firm has a 50-day simple moving average of $40.00 and a two-hundred day simple moving average of $35.40. The stock has a market cap of $1.02 billion, a PE ratio of 41.35 and a beta of 1.73. ARK Fintech Innovation ETF has a 1-year low of $22.85 and a 1-year high of $44.72.

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.