Avantax Advisory Services Inc. Acquires 1,613 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Avantax Advisory Services Inc. raised its holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,746 shares of the company’s stock after purchasing an additional 1,613 shares during the period. Avantax Advisory Services Inc.’s holdings in ARK Fintech Innovation ETF were worth $917,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Flow Traders U.S. LLC acquired a new stake in ARK Fintech Innovation ETF during the third quarter worth approximately $7,416,000. Raymond James Financial Inc. acquired a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter worth $3,378,000. Nwam LLC bought a new position in shares of ARK Fintech Innovation ETF in the third quarter worth $1,641,000. Synergy Asset Management LLC bought a new stake in ARK Fintech Innovation ETF during the fourth quarter worth about $1,873,000. Finally, Stratos Wealth Partners LTD. grew its stake in ARK Fintech Innovation ETF by 190.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 69,445 shares of the company’s stock worth $2,573,000 after buying an additional 45,529 shares in the last quarter.

ARK Fintech Innovation ETF Stock Down 0.1 %

ARKF stock opened at $35.21 on Friday. The company’s 50-day moving average price is $39.15 and its two-hundred day moving average price is $35.90. ARK Fintech Innovation ETF has a 12 month low of $22.85 and a 12 month high of $44.72. The firm has a market cap of $938.35 million, a P/E ratio of 39.66 and a beta of 1.82.

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.