Ieq Capital LLC Sells 538 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Ieq Capital LLC reduced its holdings in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 0.5% in the second quarter, Holdings Channel.com reports. The fund owned 102,652 shares of the company’s stock after selling 538 shares during the quarter. Ieq Capital LLC’s holdings in ARK Fintech Innovation ETF were worth $2,860,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in ARK Fintech Innovation ETF in the 4th quarter valued at about $25,000. Palisade Asset Management LLC bought a new position in ARK Fintech Innovation ETF in the first quarter worth approximately $27,000. Vima LLC bought a new position in ARK Fintech Innovation ETF in the fourth quarter worth approximately $40,000. PNC Financial Services Group Inc. increased its holdings in 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 purchasing an additional 1,174 shares during the period. Finally, PFG Advisors bought a new stake in ARK Fintech Innovation ETF during the 1st quarter valued at $207,000.

ARK Fintech Innovation ETF Trading Up 0.1 %

ARKF opened at $29.53 on Friday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a 12-month low of $17.37 and a 12-month high of $30.99. The business’s fifty day simple moving average is $27.63 and its 200-day simple moving average is $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.