ARK Fintech Innovation ETF (NYSEARCA:ARKF) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 4.1% during the third quarter, Holdings Channel.com reports. The firm owned 20,896 shares of the company’s stock after selling 884 shares during the period. Stifel Financial Corp’s holdings in ARK Fintech Innovation ETF were worth $623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Main Management ETF Advisors LLC grew its position in shares of ARK Fintech Innovation ETF by 0.8% in the 2nd quarter. Main Management ETF Advisors LLC now owns 587,390 shares of the company’s stock valued at $16,365,000 after buying an additional 4,530 shares during the last quarter. Granite Bay Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 408,492 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of ARK Fintech Innovation ETF by 7,942.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 252,443 shares of the company’s stock worth $7,033,000 after purchasing an additional 249,304 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of ARK Fintech Innovation ETF during the third quarter worth about $7,416,000. Finally, Envestnet Asset Management Inc. increased its position in ARK Fintech Innovation ETF by 16.6% during the second quarter. Envestnet Asset Management Inc. now owns 63,649 shares of the company’s stock worth $1,773,000 after buying an additional 9,074 shares during the period.

ARK Fintech Innovation ETF Trading Up 2.3 %

ARKF stock opened at $39.04 on Thursday. The company has a market capitalization of $1.41 billion, a P/E ratio of 61.35 and a beta of 2.03. The business has a 50 day simple moving average of $36.50 and a 200-day simple moving average of $31.06. ARK Fintech Innovation ETF has a twelve month low of $22.85 and a twelve month high of $41.71.

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.