ARK Fintech Innovation ETF (NYSEARCA:ARKF) Sets New 12-Month High – Still a Buy?

Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) reached a new 52-week high on Thursday . The stock traded as high as $42.92 and last traded at $43.11, with a volume of 1847 shares. The stock had previously closed at $42.38.

ARK Fintech Innovation ETF Stock Up 1.2 %

The stock has a market capitalization of $1.61 billion, a P/E ratio of 61.35 and a beta of 2.03. The business has a fifty day moving average price of $39.87 and a 200-day moving average price of $34.19.

Institutional Trading of ARK Fintech Innovation ETF

A number of institutional investors have recently made changes to their positions in the stock. MBA Advisors LLC lifted its holdings in ARK Fintech Innovation ETF by 3.7% in the fourth quarter. MBA Advisors LLC now owns 7,013 shares of the company’s stock valued at $260,000 after acquiring an additional 247 shares during the period. Mariner LLC lifted its position in ARK Fintech Innovation ETF by 0.7% during the fourth quarter. Mariner LLC now owns 39,238 shares of the company’s stock valued at $1,454,000 after purchasing an additional 254 shares in the last quarter. IFP Advisors Inc grew its holdings in ARK Fintech Innovation ETF by 10.2% during 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. Tower Research Capital LLC TRC increased its position in ARK Fintech Innovation ETF by 717.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 695 shares of the company’s stock worth $26,000 after buying an additional 610 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of ARK Fintech Innovation ETF in the fourth quarter worth about $32,000.

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.