Smartleaf Asset Management LLC reduced its position in ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report) by 12.1% during the fourth quarter, HoldingsChannel reports. The fund owned 4,203 shares of the company’s stock after selling 581 shares during the quarter. Smartleaf Asset Management LLC’s holdings in ARK Fintech Innovation ETF were worth $158,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ARKF. Flow Traders U.S. LLC purchased a new stake in ARK Fintech Innovation ETF during the third quarter valued at about $7,416,000. Nwam LLC purchased a new stake in ARK Fintech Innovation ETF during the third quarter valued at about $1,641,000. Synergy Asset Management LLC purchased a new stake in ARK Fintech Innovation ETF during the fourth quarter valued at about $1,873,000. Stratos Wealth Partners LTD. lifted its holdings in ARK Fintech Innovation ETF by 190.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 69,445 shares of the company’s stock valued at $2,573,000 after purchasing an additional 45,529 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in ARK Fintech Innovation ETF during the fourth quarter valued at about $331,000.
ARK Fintech Innovation ETF Stock Down 4.4 %
NYSEARCA ARKF opened at $36.12 on Friday. The company has a market cap of $996.91 million, a PE ratio of 41.35 and a beta of 1.73. ARK Fintech Innovation ETF has a 52 week low of $22.85 and a 52 week high of $44.72. The firm’s 50-day simple moving average is $39.87 and its two-hundred day simple moving average is $35.48.
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.
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Want to see what other hedge funds are holding ARKF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report).
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