Flow Traders U.S. LLC Takes $7.42 Million Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Flow Traders U.S. LLC purchased a new position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 248,687 shares of the company’s stock, valued at approximately $7,416,000.

A number of other hedge funds have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in ARK Fintech Innovation ETF during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new position in ARK Fintech Innovation ETF during the third quarter worth $48,000. MBA Advisors LLC bought a new position in ARK Fintech Innovation ETF during the third quarter worth $202,000. Tyler Stone Wealth Management boosted its holdings in ARK Fintech Innovation ETF by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 7,120 shares of the company’s stock worth $212,000 after purchasing an additional 3,560 shares during the period. Finally, EdgeRock Capital LLC bought a new stake in ARK Fintech Innovation ETF during the second quarter valued at $215,000.

ARK Fintech Innovation ETF Stock Performance

ARK Fintech Innovation ETF stock opened at $39.27 on Friday. ARK Fintech Innovation ETF has a 1 year low of $22.85 and a 1 year high of $39.62. The firm’s 50-day moving average is $33.15 and its 200-day moving average is $29.56. The company has a market cap of $1.42 billion, a P/E ratio of 61.35 and a beta of 2.03.

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.