Truist Financial Corp Buys Shares of 10,171 ARK Fintech Innovation ETF (NYSEARCA:ARKF)

May 22, 2024

46 2 minutes read

Untitled design6 — 1712489893 ark fintech innovation etf logo 1200x675.png

Truist Financial Corp bought a new stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report) during the 4th quarter, HoldingsChannel reports. The firm bought 10,171 shares of the company’s stock, valued at approximately $281,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ARKF. International Assets Investment Management LLC acquired a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter valued at about $85,990,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of ARK Fintech Innovation ETF during the 3rd quarter valued at about $334,000. Raymond James & Associates lifted its holdings in shares of ARK Fintech Innovation ETF by 3.2% during the 4th quarter. Raymond James & Associates now owns 100,955 shares of the company’s stock valued at $2,784,000 after buying an additional 3,150 shares during the last quarter. Banque Pictet & Cie SA acquired a new stake in shares of ARK Fintech Innovation ETF during the 3rd quarter valued at about $318,000. Finally, Sowell Financial Services LLC acquired a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter valued at about $1,171,000.

ARK Fintech Innovation ETF Price Performance

Shares of ARK Fintech Innovation ETF stock opened at $28.49 on Tuesday. The firm has a market cap of $1.03 billion, a price-to-earnings 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 stock has a 50-day simple moving average of $28.60 and a 200-day simple moving average of $26.69.

ARK Fintech Innovation ETF Company Profile

(Free Report)

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.