ARK Fintech Innovation ETF (NYSEARCA:ARKF) Stake Lessened by Envestnet Portfolio Solutions Inc.
Envestnet Portfolio Solutions Inc. trimmed its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,377 shares of the company’s stock after selling 873 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in ARK Fintech Innovation ETF were worth $452,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in ARKF. International Assets Investment Management LLC acquired a new position in shares of ARK Fintech Innovation ETF in the 4th quarter valued at about $85,990,000. Price Capital Management Inc. bought a new position in ARK Fintech Innovation ETF in the 4th quarter worth about $7,109,000. KFG Wealth Management LLC acquired a new stake in shares of ARK Fintech Innovation ETF in the fourth quarter valued at approximately $4,374,000. Kingsview Wealth Management LLC acquired a new position in shares of ARK Fintech Innovation ETF during the third quarter worth approximately $1,234,000. Finally, Sowell Financial Services LLC bought a new position in ARK Fintech Innovation ETF in the 4th quarter worth approximately $1,171,000.
ARK Fintech Innovation ETF Price Performance
Shares of ARK Fintech Innovation ETF stock opened at $27.93 on Thursday. ARK Fintech Innovation ETF has a 1-year low of $17.37 and a 1-year high of $30.99. The business’s fifty day moving average price is $28.52 and its two-hundred day moving average price is $26.75. The company has a market capitalization of $1.01 billion, a P/E ratio of 61.35 and a beta of 2.03.
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.
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