Cambridge Investment Research Advisors Inc. Lowers Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)
Cambridge Investment Research Advisors Inc. cut its holdings in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,779 shares of the company’s stock after selling 6,696 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.21% of ARK Fintech Innovation ETF worth $2,669,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of ARK Fintech Innovation ETF during the 4th quarter worth $85,990,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of ARK Fintech Innovation ETF during the 3rd quarter worth $334,000. Raymond James & Associates grew 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 worth $2,784,000 after purchasing an additional 3,150 shares during the period. Banque Pictet & Cie SA purchased a new position in shares of ARK Fintech Innovation ETF during the 3rd quarter worth $318,000. Finally, Sowell Financial Services LLC purchased a new position in shares of ARK Fintech Innovation ETF during the 4th quarter worth $1,171,000.
ARK Fintech Innovation ETF Price Performance
Shares of ARK Fintech Innovation ETF stock opened at $26.67 on Monday. The business has a 50-day moving average of $28.19 and a 200 day moving average of $27.12. ARK Fintech Innovation ETF has a 12 month low of $17.37 and a 12 month high of $30.99. The stock has a market capitalization of $965.45 million, a price-to-earnings ratio of 61.35 and a beta of 2.03.
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.
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