Mercer Global Advisors Inc. ADV grew its position in ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report) by 7,942.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 252,443 shares of the company’s stock after purchasing an additional 249,304 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in ARK Fintech Innovation ETF were worth $7,033,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the business. Principal Securities Inc. acquired a new stake in shares of ARK Fintech Innovation ETF in the 4th quarter worth $25,000. Palisade Asset Management LLC acquired a new stake in ARK Fintech Innovation ETF in the first quarter worth about $27,000. Vima LLC purchased a new stake in shares of ARK Fintech Innovation ETF during the fourth quarter worth about $40,000. PNC Financial Services Group Inc. increased its holdings in shares of ARK Fintech Innovation ETF by 283.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock valued at $44,000 after acquiring an additional 1,174 shares in the last quarter. Finally, PFG Advisors purchased a new position in shares of ARK Fintech Innovation ETF in the 1st quarter valued at approximately $207,000.
ARK Fintech Innovation ETF Stock Up 0.1 %
ARKF stock opened at $29.53 on Friday. The stock has a market capitalization of $1.07 billion, a PE ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a 52 week low of $17.37 and a 52 week high of $30.99. The firm has a 50 day moving average of $27.63 and a 200 day moving average of $28.02.
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.
Further Reading
- Five stocks we like better than ARK Fintech Innovation ETF
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- How to Invest in the Best Canadian Stocks
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Want to see what other hedge funds are holding ARKF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report).
Receive News & Ratings for ARK Fintech Innovation ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARK Fintech Innovation ETF and related companies with MarketBeat.com's FREE daily email newsletter.
