EdgeRock Capital LLC Grows Stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

EdgeRock Capital LLC increased its holdings in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 45.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,317 shares of the company’s stock after acquiring an additional 5,405 shares during the quarter. EdgeRock Capital LLC’s holdings in ARK Fintech Innovation ETF were worth $642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MBA Advisors LLC raised its holdings in ARK Fintech Innovation ETF by 3.7% during the fourth quarter. MBA Advisors LLC now owns 7,013 shares of the company’s stock worth $260,000 after purchasing an additional 247 shares in the last quarter. IFP Advisors Inc raised its stake in ARK Fintech Innovation ETF by 10.2% during the 4th quarter. IFP Advisors Inc now owns 3,483 shares of the company’s stock worth $129,000 after acquiring an additional 323 shares in the last quarter. Truist Financial Corp lifted its position in ARK Fintech Innovation ETF by 12.4% in the fourth quarter. Truist Financial Corp now owns 7,987 shares of the company’s stock valued at $296,000 after acquiring an additional 881 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in ARK Fintech Innovation ETF in the fourth quarter valued at $34,000. Finally, Insight Advisors LLC PA boosted its stake in ARK Fintech Innovation ETF by 5.8% in the fourth quarter. Insight Advisors LLC PA now owns 16,580 shares of the company’s stock valued at $622,000 after acquiring an additional 911 shares in the last quarter.

ARK Fintech Innovation ETF Stock Performance

ARKF opened at $39.29 on Tuesday. ARK Fintech Innovation ETF has a one year low of $22.85 and a one year high of $44.72. The stock has a market capitalization of $1.42 billion, a P/E ratio of 61.35 and a beta of 2.03. The business’s 50-day simple moving average is $40.09 and its 200-day simple moving average is $35.00.

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.