Northwestern Mutual Wealth Management Co. Grows Stake in ARK Fintech Innovation ETF $ARKF

Northwestern Mutual Wealth Management Co. raised its stake in ARK Fintech Innovation ETF (BATS:ARKF) by 215.4% during the 4th quarter, HoldingsChannel reports. The firm owned 40,799 shares of the company’s stock after acquiring an additional 27,863 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in ARK Fintech Innovation ETF were worth $1,943,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ARKF. Goldman Sachs Group Inc. purchased a new position in ARK Fintech Innovation ETF in the first quarter valued at about $248,000. Cresset Asset Management LLC purchased a new position in ARK Fintech Innovation ETF in the second quarter valued at about $260,000. Qube Research & Technologies Ltd raised its position in ARK Fintech Innovation ETF by 1.7% in the second quarter. Qube Research & Technologies Ltd now owns 63,657 shares of the company’s stock valued at $3,198,000 after purchasing an additional 1,068 shares during the period. NewEdge Advisors LLC raised its position in ARK Fintech Innovation ETF by 7,760.0% in the second quarter. NewEdge Advisors LLC now owns 15,720 shares of the company’s stock valued at $790,000 after purchasing an additional 15,520 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in ARK Fintech Innovation ETF in the second quarter valued at about $41,000.

ARK Fintech Innovation ETF Price Performance

BATS:ARKF opened at $38.18 on Friday. The business’s 50-day moving average is $40.78 and its two-hundred day moving average is $43.41. ARK Fintech Innovation ETF has a 12 month low of $35.82 and a 12 month high of $59.20. The firm has a market capitalization of $916.32 million, a PE ratio of 36.31 and a beta of 1.89.

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 issued by ARK.