ARK Fintech Innovation ETF $ARKF Position Lowered by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC trimmed its position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 33.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,822 shares of the company’s stock after selling 2,415 shares during the period. Evolution Wealth Advisors LLC’s holdings in ARK Fintech Innovation ETF were worth $242,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARKF. Allworth Financial LP lifted its holdings in ARK Fintech Innovation ETF by 18.5% during the 1st quarter. Allworth Financial LP now owns 4,325 shares of the company’s stock worth $154,000 after buying an additional 675 shares during the last quarter. Cerity Partners LLC bought a new position in ARK Fintech Innovation ETF during the first quarter worth $320,000. CWM LLC lifted its stake in ARK Fintech Innovation ETF by 13.4% during the first quarter. CWM LLC now owns 49,867 shares of the company’s stock worth $1,659,000 after purchasing an additional 5,879 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in ARK Fintech Innovation ETF by 8.0% in the first quarter. Wealthfront Advisers LLC now owns 50,337 shares of the company’s stock worth $1,674,000 after purchasing an additional 3,749 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in ARK Fintech Innovation ETF during the first quarter valued at $248,000.

ARK Fintech Innovation ETF Stock Performance

Shares of NYSEARCA:ARKF opened at $50.05 on Friday. The company’s fifty day moving average is $55.54 and its two-hundred day moving average is $50.43. ARK Fintech Innovation ETF has a 1-year low of $27.70 and a 1-year high of $59.20. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 36.31 and a beta of 1.94.

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.