Ignite Planners LLC Buys Shares of 4,550 ARK Fintech Innovation ETF $ARKF

Ignite Planners LLC purchased a new position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,550 shares of the company’s stock, valued at approximately $249,000.

A number of other hedge funds have also recently modified their holdings of ARKF. LPL Financial LLC boosted its holdings in ARK Fintech Innovation ETF by 16.9% in the 1st quarter. LPL Financial LLC now owns 1,007,131 shares of the company’s stock valued at $33,497,000 after purchasing an additional 145,900 shares during the last quarter. Clearwater Capital Advisors LLC raised its position in shares of ARK Fintech Innovation ETF by 2.0% during the 1st quarter. Clearwater Capital Advisors LLC now owns 263,957 shares of the company’s stock valued at $8,779,000 after buying an additional 5,095 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in ARK Fintech Innovation ETF in the second quarter valued at approximately $11,771,000. Cetera Investment Advisers grew its position in ARK Fintech Innovation ETF by 10.1% in the first quarter. Cetera Investment Advisers now owns 127,479 shares of the company’s stock worth $4,240,000 after acquiring an additional 11,713 shares during the period. Finally, Commonwealth Financial Services LLC purchased a new position in ARK Fintech Innovation ETF in the first quarter worth approximately $3,391,000.

ARK Fintech Innovation ETF Stock Down 5.1%

NYSEARCA:ARKF opened at $50.05 on Friday. ARK Fintech Innovation ETF has a 52 week low of $27.70 and a 52 week high of $59.20. The company has a market capitalization of $1.14 billion, a P/E ratio of 36.31 and a beta of 1.94. The stock’s fifty day moving average is $55.54 and its two-hundred day moving average is $50.43.

ARK Fintech Innovation ETF Company 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.