Commonwealth Equity Services LLC Has $2.74 Million Stock Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Commonwealth Equity Services LLC reduced its position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 33.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 98,341 shares of the company’s stock after selling 48,383 shares during the period. Commonwealth Equity Services LLC’s holdings in ARK Fintech Innovation ETF were worth $2,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARKF. International Assets Investment Management LLC acquired a new stake in shares of ARK Fintech Innovation ETF in the 4th quarter valued at $312,000. Truist Financial Corp bought a new position in shares of ARK Fintech Innovation ETF in the 4th quarter worth $281,000. National Bank of Canada FI boosted its position in shares of ARK Fintech Innovation ETF by 22.0% in the 4th quarter. National Bank of Canada FI now owns 15,180 shares of the company’s stock worth $399,000 after purchasing an additional 2,739 shares during the last quarter. Principal Securities Inc. bought a new position in shares of ARK Fintech Innovation ETF in the 4th quarter worth $25,000. Finally, BNP Paribas Financial Markets boosted its position in shares of ARK Fintech Innovation ETF by 39.5% in the 4th quarter. BNP Paribas Financial Markets now owns 32,303 shares of the company’s stock worth $891,000 after purchasing an additional 9,148 shares during the last quarter.

ARK Fintech Innovation ETF Stock Up 2.2 %

NYSEARCA:ARKF opened at $27.74 on Thursday. ARK Fintech Innovation ETF has a 12-month low of $17.37 and a 12-month high of $30.99. The firm has a market capitalization of $1.00 billion, a P/E ratio of 61.35 and a beta of 2.03. The stock’s fifty day simple moving average is $27.52 and its 200-day simple moving average is $28.00.

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.