ARK Fintech Innovation ETF (NYSEARCA:ARKF) Sets New 1-Year High – Here’s What Happened

ARK Fintech Innovation ETF (NYSEARCA:ARKF)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $45.49 and last traded at $45.06, with a volume of 306215 shares. The stock had previously closed at $44.50.

ARK Fintech Innovation ETF Price Performance

The stock has a market cap of $1.07 billion, a P/E ratio of 29.29 and a beta of 1.89. The company has a fifty day moving average of $38.12 and a 200 day moving average of $38.29.

Hedge Funds Weigh In On ARK Fintech Innovation ETF

Several hedge funds have recently modified their holdings of ARKF. Goldman Sachs Group Inc. acquired a new stake in shares of ARK Fintech Innovation ETF in the first quarter valued at $248,000. Walleye Capital LLC lifted its holdings in ARK Fintech Innovation ETF by 99.3% in the 1st quarter. Walleye Capital LLC now owns 17,736 shares of the company’s stock valued at $590,000 after acquiring an additional 8,836 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in ARK Fintech Innovation ETF by 23.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 12,260 shares of the company’s stock valued at $408,000 after acquiring an additional 2,297 shares during the last quarter. National Bank of Canada FI boosted its position in shares of ARK Fintech Innovation ETF by 27.9% during the 1st quarter. National Bank of Canada FI now owns 34,221 shares of the company’s stock valued at $1,138,000 after purchasing an additional 7,473 shares in the last quarter. Finally, Commonwealth Financial Services LLC acquired a new position in shares of ARK Fintech Innovation ETF in the 1st quarter worth approximately $3,391,000.

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.