Purus Wealth Management LLC Trims Stock Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Purus Wealth Management LLC cut its holdings in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 70.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,076 shares of the company’s stock after selling 49,666 shares during the period. Purus Wealth Management LLC owned about 0.06% of ARK Fintech Innovation ETF worth $781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in shares of ARK Fintech Innovation ETF by 16.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 63,649 shares of the company’s stock valued at $1,773,000 after buying an additional 9,074 shares during the period. Bridges Investment Management Inc. grew its stake in shares of ARK Fintech Innovation ETF by 12.5% during the 2nd quarter. Bridges Investment Management Inc. now owns 19,752 shares of the company’s stock worth $550,000 after purchasing an additional 2,200 shares during the period. Main Management ETF Advisors LLC increased its holdings in shares of ARK Fintech Innovation ETF by 0.8% during the 2nd quarter. Main Management ETF Advisors LLC now owns 587,390 shares of the company’s stock valued at $16,365,000 after purchasing an additional 4,530 shares in the last quarter. Creative Planning lifted its stake in shares of ARK Fintech Innovation ETF by 2.6% in the 2nd quarter. Creative Planning now owns 23,070 shares of the company’s stock valued at $643,000 after purchasing an additional 578 shares during the period. Finally, Granite Bay Wealth Management LLC boosted its holdings in ARK Fintech Innovation ETF by 2,966.5% during the second quarter. Granite Bay Wealth Management LLC now owns 422,262 shares of the company’s stock worth $11,844,000 after buying an additional 408,492 shares in the last quarter.

ARK Fintech Innovation ETF Stock Performance

ARKF opened at $39.53 on Monday. The company has a fifty day moving average of $38.71 and a two-hundred day moving average of $32.37. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. 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.