Mutual Advisors LLC Sells 42,475 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Mutual Advisors LLC lessened its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 81.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,827 shares of the company’s stock after selling 42,475 shares during the quarter. Mutual Advisors LLC’s holdings in ARK Fintech Innovation ETF were worth $382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in ARK Fintech Innovation ETF during the third quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new position in shares of ARK Fintech Innovation ETF during the third quarter worth approximately $48,000. MBA Advisors LLC acquired a new stake in ARK Fintech Innovation ETF during the 3rd quarter worth approximately $202,000. Janney Montgomery Scott LLC bought a new stake in ARK Fintech Innovation ETF in the 4th quarter valued at $203,000. Finally, Tyler Stone Wealth Management grew its holdings in ARK Fintech Innovation ETF by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 7,120 shares of the company’s stock valued at $212,000 after buying an additional 3,560 shares in the last quarter.

ARK Fintech Innovation ETF Price Performance

ARKF stock opened at $39.93 on Tuesday. The business’s fifty day moving average price is $39.02 and its two-hundred day moving average price is $32.81. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a fifty-two week low of $22.85 and a fifty-two week high of $41.71.

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.