ARK Fintech Innovation ETF (NYSEARCA:ARKF) Hits New 52-Week High – What’s Next?

ARK Fintech Innovation ETF (NYSEARCA:ARKF)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $41.74 and last traded at $41.49, with a volume of 422349 shares traded. The stock had previously closed at $41.25.

ARK Fintech Innovation ETF Stock Up 0.6 %

The company’s 50-day moving average is $39.12 and its two-hundred day moving average is $32.99. The company has a market capitalization of $1.50 billion, a P/E ratio of 61.35 and a beta of 2.03.

Institutional Trading of ARK Fintech Innovation ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MBA Advisors LLC boosted its position in ARK Fintech Innovation ETF by 3.7% during the fourth quarter. MBA Advisors LLC now owns 7,013 shares of the company’s stock valued at $260,000 after buying an additional 247 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of ARK Fintech Innovation ETF in the 4th quarter valued at about $34,000. Insight Advisors LLC PA boosted its holdings in ARK Fintech Innovation ETF by 5.8% during the 4th quarter. Insight Advisors LLC PA now owns 16,580 shares of the company’s stock valued at $622,000 after acquiring an additional 911 shares during the period. Choreo LLC purchased a new stake in ARK Fintech Innovation ETF during the 4th quarter valued at about $221,000. Finally, Stratos Wealth Partners LTD. grew its position in ARK Fintech Innovation ETF by 190.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 69,445 shares of the company’s stock worth $2,573,000 after acquiring an additional 45,529 shares during the last quarter.

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.