Flow Traders U.S. LLC Decreases Holdings in ARK Fintech Innovation ETF $ARKF

Flow Traders U.S. LLC lowered its stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 87.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,919 shares of the company’s stock after selling 571,147 shares during the period. Flow Traders U.S. LLC owned 0.32% of ARK Fintech Innovation ETF worth $2,725,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. LPL Financial LLC raised its holdings in shares of ARK Fintech Innovation ETF by 16.9% in the first quarter. LPL Financial LLC now owns 1,007,131 shares of the company’s stock worth $33,497,000 after buying an additional 145,900 shares during the last quarter. Clearwater Capital Advisors LLC raised its holdings in shares of ARK Fintech Innovation ETF by 2.0% in the first quarter. Clearwater Capital Advisors LLC now owns 263,957 shares of the company’s stock worth $8,779,000 after buying an additional 5,095 shares during the last quarter. GTS Securities LLC raised its holdings in shares of ARK Fintech Innovation ETF by 654.1% in the fourth quarter. GTS Securities LLC now owns 261,669 shares of the company’s stock worth $9,695,000 after buying an additional 226,969 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of ARK Fintech Innovation ETF by 10.1% in the first quarter. Cetera Investment Advisers now owns 127,479 shares of the company’s stock worth $4,240,000 after buying an additional 11,713 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of ARK Fintech Innovation ETF by 303.6% in the fourth quarter. Marshall Wace LLP now owns 117,813 shares of the company’s stock worth $4,365,000 after buying an additional 88,620 shares during the last quarter.

ARK Fintech Innovation ETF Trading Down 0.5%

NYSEARCA ARKF opened at $52.36 on Friday. The company has a fifty day simple moving average of $51.64 and a two-hundred day simple moving average of $42.48. The stock has a market cap of $1.34 billion, a P/E ratio of 36.31 and a beta of 1.50. ARK Fintech Innovation ETF has a 12-month low of $26.19 and a 12-month high of $56.04.

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.