ARK Fintech Innovation ETF (NYSEARCA:ARKF) Stake Cut by Main Management LLC

Main Management LLC decreased its holdings in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 44.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,125 shares of the company’s stock after selling 2,464 shares during the period. Main Management LLC’s holdings in ARK Fintech Innovation ETF were worth $93,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its position in shares of ARK Fintech Innovation ETF by 2.6% during the 2nd quarter. Creative Planning now owns 23,070 shares of the company’s stock worth $643,000 after purchasing an additional 578 shares during the period. CWM LLC increased its position in ARK Fintech Innovation ETF by 1.9% in the second quarter. CWM LLC now owns 45,122 shares of the company’s stock worth $1,257,000 after buying an additional 845 shares during the period. Darwin Wealth Management LLC bought a new stake in ARK Fintech Innovation ETF in the third quarter valued at $28,000. Insight Advisors LLC PA boosted its holdings in shares of ARK Fintech Innovation ETF by 8.3% during the second quarter. Insight Advisors LLC PA now owns 15,938 shares of the company’s stock valued at $444,000 after acquiring an additional 1,223 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of ARK Fintech Innovation ETF during the third quarter worth about $48,000.

ARK Fintech Innovation ETF Stock Up 2.8 %

ARKF stock opened at $41.59 on Friday. The stock has a market cap of $1.51 billion, a PE ratio of 61.35 and a beta of 2.03. The firm’s 50-day simple moving average is $34.21 and its 200 day simple moving average is $30.00. ARK Fintech Innovation ETF has a fifty-two week low of $22.85 and a fifty-two week high of $41.71.

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 managed by ARK.