Mutual Advisors LLC Makes New $461,000 Investment in ARK Fintech Innovation ETF $ARKF

Mutual Advisors LLC bought a new position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the second quarter, Holdings Channel reports. The institutional investor bought 8,527 shares of the company’s stock, valued at approximately $461,000.

A number of other hedge funds also recently made changes to their positions in the business. MBA Advisors LLC raised its holdings in shares of ARK Fintech Innovation ETF by 3.0% during the second quarter. MBA Advisors LLC now owns 7,470 shares of the company’s stock valued at $375,000 after buying an additional 217 shares during the last quarter. Nwam LLC raised its holdings in shares of ARK Fintech Innovation ETF by 0.7% during the first quarter. Nwam LLC now owns 54,269 shares of the company’s stock valued at $1,805,000 after buying an additional 401 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of ARK Fintech Innovation ETF by 7.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,491 shares of the company’s stock valued at $282,000 after buying an additional 567 shares during the last quarter. Allworth Financial LP raised its holdings in shares of ARK Fintech Innovation ETF by 18.5% during the first quarter. Allworth Financial LP now owns 4,325 shares of the company’s stock valued at $154,000 after buying an additional 675 shares during the last quarter. Finally, First Heartland Consultants Inc. raised its holdings in shares of ARK Fintech Innovation ETF by 6.9% during the first quarter. First Heartland Consultants Inc. now owns 12,340 shares of the company’s stock valued at $410,000 after buying an additional 795 shares during the last quarter.

ARK Fintech Innovation ETF Trading Down 0.3%

ARKF opened at $54.51 on Monday. The business’s 50 day moving average is $55.16 and its 200-day moving average is $47.58. The stock has a market cap of $1.38 billion, a PE ratio of 36.31 and a beta of 1.50. ARK Fintech Innovation ETF has a twelve month low of $27.70 and a twelve month high of $59.20.

ARK Fintech Innovation ETF 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.