ARK Fintech Innovation ETF (NYSEARCA:ARKF) Shares Sold by Prudential PLC

Prudential PLC reduced its position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,910 shares of the company’s stock after selling 8,820 shares during the quarter. Prudential PLC owned approximately 0.67% of ARK Fintech Innovation ETF worth $8,963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of ARK Fintech Innovation ETF in the fourth quarter valued at $331,000. Truist Financial Corp raised its position in 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 purchasing an additional 881 shares in the last quarter. Allworth Financial LP boosted its stake in shares of ARK Fintech Innovation ETF by 89.7% in the 4th quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock valued at $148,000 after buying an additional 1,726 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of ARK Fintech Innovation ETF during the fourth quarter worth about $203,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of ARK Fintech Innovation ETF during the fourth quarter worth approximately $3,378,000.

ARK Fintech Innovation ETF Stock Down 6.3 %

Shares of ARK Fintech Innovation ETF stock opened at $29.78 on Friday. ARK Fintech Innovation ETF has a 52-week low of $22.85 and a 52-week high of $44.72. The company has a market capitalization of $775.77 million, a P/E ratio of 27.28 and a beta of 1.89. The company has a 50 day moving average of $38.10 and a 200 day moving average of $36.41.

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.