Prudential PLC lessened its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,910 shares of the company’s stock after selling 8,820 shares during the quarter. Prudential PLC’s holdings in ARK Fintech Innovation ETF were worth $8,963,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in ARK Fintech Innovation ETF in the fourth quarter valued at $3,378,000. Synergy Asset Management LLC acquired a new stake in shares of ARK Fintech Innovation ETF in the 4th quarter valued at about $1,873,000. Stratos Wealth Partners LTD. boosted its position in shares of ARK Fintech Innovation ETF by 190.4% in the 4th 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 period. LPL Financial LLC increased its position in ARK Fintech Innovation ETF by 3.2% during the fourth quarter. LPL Financial LLC now owns 861,231 shares of the company’s stock worth $31,909,000 after buying an additional 27,036 shares during the period. Finally, Global View Capital Management LLC acquired a new position in ARK Fintech Innovation ETF during the fourth quarter worth approximately $978,000.
ARK Fintech Innovation ETF Trading Down 6.3 %
ARKF stock opened at $29.78 on Friday. The company has a market capitalization of $775.77 million, a P/E ratio of 27.28 and a beta of 1.89. The business has a 50 day simple moving average of $38.10 and a 200-day simple moving average of $36.41. ARK Fintech Innovation ETF has a twelve month low of $22.85 and a twelve month high of $44.72.
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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