ARK Fintech Innovation ETF (NYSEARCA:ARKF) Position Reduced by First Heartland Consultants Inc.

First Heartland Consultants Inc. decreased its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 11.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 12,765 shares of the company’s stock after selling 1,687 shares during the quarter. First Heartland Consultants Inc.’s holdings in ARK Fintech Innovation ETF were worth $356,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Gerber LLC acquired a new position in ARK Fintech Innovation ETF in the fourth quarter worth approximately $2,740,000. PNC Financial Services Group Inc. grew its position in ARK Fintech Innovation ETF by 283.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock worth $44,000 after buying an additional 1,174 shares during the last quarter. Brookstone Capital Management grew its position in ARK Fintech Innovation ETF by 1.0% in the first quarter. Brookstone Capital Management now owns 114,766 shares of the company’s stock worth $3,481,000 after buying an additional 1,122 shares during the last quarter. Twin Focus Capital Partners LLC acquired a new position in ARK Fintech Innovation ETF in the fourth quarter worth approximately $1,260,000. Finally, Kestra Private Wealth Services LLC acquired a new position in ARK Fintech Innovation ETF in the fourth quarter worth approximately $257,000.

ARK Fintech Innovation ETF Stock Performance

ARK Fintech Innovation ETF stock opened at $28.59 on Tuesday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a 1 year low of $17.37 and a 1 year high of $30.99. The firm’s 50 day moving average price is $27.53 and its two-hundred day moving average price is $28.00.

ARK Fintech Innovation ETF 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.