Pekin Hardy Strauss Inc. Acquires New Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Pekin Hardy Strauss Inc. acquired a new position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,420 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in ARK Fintech Innovation ETF in the 4th quarter valued at $85,990,000. Envestnet Portfolio Solutions Inc. bought a new position in ARK Fintech Innovation ETF in the 3rd quarter valued at about $334,000. Raymond James & Associates raised its position in shares of ARK Fintech Innovation ETF by 3.2% in the 4th quarter. Raymond James & Associates now owns 100,955 shares of the company’s stock valued at $2,784,000 after buying an additional 3,150 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of ARK Fintech Innovation ETF by 251.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 49,214 shares of the company’s stock worth $953,000 after acquiring an additional 35,221 shares during the period. Finally, Banque Pictet & Cie SA bought a new position in ARK Fintech Innovation ETF in the 3rd quarter valued at approximately $318,000.

ARK Fintech Innovation ETF Price Performance

ARKF opened at $26.87 on Thursday. ARK Fintech Innovation ETF has a fifty-two week low of $16.93 and a fifty-two week high of $30.99. The company’s 50 day moving average price is $28.80 and its two-hundred day moving average price is $25.78. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 63.57 and a beta of 1.50.

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.