EdgeRock Capital LLC Increases Stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

EdgeRock Capital LLC raised its holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 45.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,317 shares of the company’s stock after buying an additional 5,405 shares during the period. EdgeRock Capital LLC’s holdings in ARK Fintech Innovation ETF were worth $642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in ARK Fintech Innovation ETF by 10.2% in the fourth quarter. IFP Advisors Inc now owns 3,483 shares of the company’s stock valued at $129,000 after purchasing an additional 323 shares during the period. Beta Wealth Group Inc. raised its position in ARK Fintech Innovation ETF by 4.3% in the 4th quarter. Beta Wealth Group Inc. now owns 39,327 shares of the company’s stock valued at $1,457,000 after purchasing an additional 1,635 shares in the last quarter. Truist Financial Corp boosted its stake in shares of ARK Fintech Innovation ETF by 12.4% in the 4th quarter. Truist Financial Corp now owns 7,987 shares of the company’s stock valued at $296,000 after buying an additional 881 shares during the period. Strategic Advisors LLC acquired a new position in shares of ARK Fintech Innovation ETF during the fourth quarter worth about $208,000. Finally, Allworth Financial LP increased its stake in shares of ARK Fintech Innovation ETF by 89.7% during the fourth quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock worth $148,000 after buying an additional 1,726 shares during the period.

ARK Fintech Innovation ETF Stock Down 2.0 %

Shares of NYSEARCA:ARKF opened at $39.29 on Tuesday. ARK Fintech Innovation ETF has a fifty-two week low of $22.85 and a fifty-two week high of $44.72. The firm’s 50 day moving average price is $40.09 and its 200 day moving average price is $35.00. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03.

About ARK Fintech Innovation ETF

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.