ARK Fintech Innovation ETF $ARKF Shares Sold by Financial Perspectives Inc

Financial Perspectives Inc lessened its stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 61.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 990 shares of the company’s stock after selling 1,563 shares during the quarter. Financial Perspectives Inc’s holdings in ARK Fintech Innovation ETF were worth $50,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. MBA Advisors LLC boosted its holdings in shares of ARK Fintech Innovation ETF by 3.0% in the 2nd quarter. MBA Advisors LLC now owns 7,470 shares of the company’s stock valued at $375,000 after purchasing an additional 217 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of ARK Fintech Innovation ETF by 4.3% in the 2nd quarter. International Assets Investment Management LLC now owns 6,739 shares of the company’s stock valued at $339,000 after acquiring an additional 280 shares during the period. Nwam LLC raised its stake in shares of ARK Fintech Innovation ETF by 0.7% in the 1st quarter. Nwam LLC now owns 54,269 shares of the company’s stock valued at $1,805,000 after acquiring an additional 401 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of ARK Fintech Innovation ETF by 7.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,491 shares of the company’s stock valued at $282,000 after acquiring an additional 567 shares during the period. Finally, Allworth Financial LP raised its stake in shares of ARK Fintech Innovation ETF by 18.5% in the 1st quarter. Allworth Financial LP now owns 4,325 shares of the company’s stock valued at $154,000 after acquiring an additional 675 shares during the period.

ARK Fintech Innovation ETF Trading Down 0.3%

Shares of ARKF stock opened at $54.51 on Monday. The company’s fifty day simple moving average is $55.16 and its 200-day simple moving average is $47.58. 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 cap of $1.38 billion, a PE ratio of 36.31 and a beta of 1.50.

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.