ARK Fintech Innovation ETF (NYSEARCA:ARKF) Hits New 1-Year High – What’s Next?

ARK Fintech Innovation ETF (NYSEARCA:ARKF)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $42.92 and last traded at $43.11, with a volume of 1847 shares. The stock had previously closed at $42.38.

ARK Fintech Innovation ETF Stock Up 1.2 %

The firm has a market capitalization of $1.61 billion, a PE ratio of 61.35 and a beta of 2.03. The company’s 50-day simple moving average is $39.87 and its 200 day simple moving average is $34.19.

Institutional Investors Weigh In On ARK Fintech Innovation ETF

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in ARK Fintech Innovation ETF by 717.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 695 shares of the company’s stock worth $26,000 after purchasing an additional 610 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of ARK Fintech Innovation ETF during the fourth quarter worth $32,000. Golden State Wealth Management LLC purchased a new stake in shares of ARK Fintech Innovation ETF during the fourth quarter valued at $34,000. Darwin Wealth Management LLC purchased a new stake in shares of ARK Fintech Innovation ETF during the third quarter valued at $28,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of ARK Fintech Innovation ETF in the 3rd quarter valued at $48,000.

About ARK Fintech Innovation ETF

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.