Private Trust Co. NA Trims Stock Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Private Trust Co. NA trimmed its holdings in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,584 shares of the company’s stock after selling 300 shares during the period. Private Trust Co. NA’s holdings in ARK Fintech Innovation ETF were worth $375,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Main Management ETF Advisors LLC increased its position in ARK Fintech Innovation ETF by 0.8% during the second quarter. Main Management ETF Advisors LLC now owns 587,390 shares of the company’s stock worth $16,365,000 after buying an additional 4,530 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of ARK Fintech Innovation ETF by 764.0% during the first quarter. Jane Street Group LLC now owns 460,977 shares of the company’s stock valued at $13,981,000 after acquiring an additional 407,625 shares during the last quarter. Granite Bay Wealth Management LLC increased its position in ARK Fintech Innovation ETF by 2,966.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 422,262 shares of the company’s stock worth $11,844,000 after purchasing an additional 408,492 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in ARK Fintech Innovation ETF by 7,942.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 252,443 shares of the company’s stock valued at $7,033,000 after purchasing an additional 249,304 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in ARK Fintech Innovation ETF by 833.5% in the 1st quarter. Cetera Investment Advisers now owns 121,722 shares of the company’s stock valued at $3,692,000 after purchasing an additional 108,683 shares in the last quarter.

ARK Fintech Innovation ETF Price Performance

Shares of NYSEARCA ARKF opened at $39.23 on Thursday. The company has a 50-day simple moving average of $32.55 and a 200-day simple moving average of $29.34. The company has a market cap of $1.42 billion, a PE ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a 12 month low of $22.85 and a 12 month high of $39.44.

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.