Nwam LLC Has $2 Million Holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Nwam LLC lessened its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,868 shares of the company’s stock after selling 1,168 shares during the quarter. Nwam LLC owned approximately 0.15% of ARK Fintech Innovation ETF worth $1,996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in ARK Fintech Innovation ETF during the 3rd quarter valued at approximately $7,416,000. Stratos Wealth Partners LTD. boosted its holdings in shares of 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 buying an additional 45,529 shares in the last quarter. Synergy Asset Management LLC bought a new position in shares of ARK Fintech Innovation ETF during the 4th quarter worth approximately $1,873,000. Beta Wealth Group Inc. boosted its holdings in shares of ARK Fintech Innovation ETF by 4.3% during the 4th quarter. Beta Wealth Group Inc. now owns 39,327 shares of the company’s stock worth $1,457,000 after buying an additional 1,635 shares in the last quarter. Finally, United Asset Strategies Inc. boosted its holdings in shares of ARK Fintech Innovation ETF by 3.9% during the 4th quarter. United Asset Strategies Inc. now owns 35,702 shares of the company’s stock worth $1,323,000 after buying an additional 1,346 shares in the last quarter.

ARK Fintech Innovation ETF Stock Performance

ARK Fintech Innovation ETF stock opened at $37.41 on Friday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 41.35 and a beta of 1.73. ARK Fintech Innovation ETF has a 52-week low of $22.85 and a 52-week high of $44.72. The stock’s 50 day moving average price is $40.04 and its two-hundred day moving average price is $35.11.

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.