Cambridge Investment Research Advisors Inc. Sells 13,605 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Cambridge Investment Research Advisors Inc. lessened its position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 16.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,818 shares of the company’s stock after selling 13,605 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in ARK Fintech Innovation ETF were worth $1,973,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ARKF. Principal Securities Inc. acquired a new stake in ARK Fintech Innovation ETF in the 4th quarter valued at about $25,000. Palisade Asset Management LLC acquired a new stake in shares of ARK Fintech Innovation ETF in the first quarter valued at approximately $27,000. Vima LLC bought a new position in shares of ARK Fintech Innovation ETF during the 4th quarter worth approximately $40,000. PNC Financial Services Group Inc. increased its holdings in shares of ARK Fintech Innovation ETF by 283.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock worth $44,000 after acquiring an additional 1,174 shares during the last quarter. Finally, Activest Wealth Management raised its stake in ARK Fintech Innovation ETF by 15,367.9% in the 1st quarter. Activest Wealth Management now owns 4,331 shares of the company’s stock valued at $131,000 after acquiring an additional 4,303 shares during the period.

ARK Fintech Innovation ETF Price Performance

ARKF stock opened at $28.30 on Tuesday. ARK Fintech Innovation ETF has a one year low of $17.37 and a one year high of $30.99. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. The company has a fifty day moving average price of $27.60 and a two-hundred day moving average price of $28.02.

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.