Lifelong Wealth Advisors Inc. Makes New $402,000 Investment in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Lifelong Wealth Advisors Inc. acquired a new stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,839 shares of the company’s stock, valued at approximately $402,000.

Other institutional investors have also made changes to their positions in the company. Walleye Capital LLC bought a new position in shares of ARK Fintech Innovation ETF in the fourth quarter valued at approximately $330,000. Mariner LLC raised its holdings in ARK Fintech Innovation ETF by 0.7% in the 4th quarter. Mariner LLC now owns 39,238 shares of the company’s stock worth $1,454,000 after acquiring an additional 254 shares during the period. TRUE Private Wealth Advisors bought a new position in ARK Fintech Innovation ETF in the 4th quarter worth $534,000. Raymond James Financial Inc. acquired a new position in ARK Fintech Innovation ETF during the 4th quarter worth $3,378,000. Finally, Hel Ved Capital Management Ltd bought a new stake in ARK Fintech Innovation ETF during the fourth quarter valued at about $370,000.

ARK Fintech Innovation ETF Stock Performance

NYSEARCA ARKF opened at $33.00 on Wednesday. The stock has a 50-day simple moving average of $36.32 and a 200 day simple moving average of $36.55. ARK Fintech Innovation ETF has a twelve month low of $22.85 and a twelve month high of $44.72. The stock has a market capitalization of $859.65 million, a PE ratio of 27.28 and a beta of 1.89.

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.