Raymond James Financial Inc. Makes New $3.38 Million Investment in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Raymond James Financial Inc. acquired a new position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 91,161 shares of the company’s stock, valued at approximately $3,378,000.

Several other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC purchased a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC bought a new stake in ARK Fintech Innovation ETF during the 4th quarter valued at $34,000. IFP Advisors Inc grew its position in shares of ARK Fintech Innovation ETF by 10.2% in the 4th quarter. IFP Advisors Inc now owns 3,483 shares of the company’s stock worth $129,000 after buying an additional 323 shares during the last quarter. Allworth Financial LP grew its holdings in shares of ARK Fintech Innovation ETF by 89.7% during the 4th quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock worth $148,000 after acquiring an additional 1,726 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of ARK Fintech Innovation ETF during the fourth quarter valued at approximately $203,000.

ARK Fintech Innovation ETF Stock Down 1.3 %

Shares of ARK Fintech Innovation ETF stock opened at $35.29 on Friday. ARK Fintech Innovation ETF has a twelve month low of $22.85 and a twelve month high of $44.72. The company has a market cap of $940.48 million, a price-to-earnings ratio of 39.66 and a beta of 1.82. The company’s 50 day moving average is $38.99 and its 200 day moving average is $36.20.

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.