EdgeRock Capital LLC Takes $175,000 Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

EdgeRock Capital LLC acquired a new position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,637 shares of the company’s stock, valued at approximately $175,000.

A number of other institutional investors have also recently bought and sold shares of ARKF. Stratos Wealth Partners LTD. increased its stake in ARK Fintech Innovation ETF by 251.7% in the third quarter. Stratos Wealth Partners LTD. now owns 49,214 shares of the company’s stock valued at $953,000 after purchasing an additional 35,221 shares in the last quarter. Concourse Financial Group Securities Inc. increased its stake in ARK Fintech Innovation ETF by 81.9% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,532 shares of the company’s stock valued at $30,000 after purchasing an additional 690 shares in the last quarter. Baystate Wealth Management LLC increased its stake in ARK Fintech Innovation ETF by 83.4% in the third quarter. Baystate Wealth Management LLC now owns 1,282 shares of the company’s stock valued at $25,000 after purchasing an additional 583 shares in the last quarter. Allworth Financial LP increased its stake in ARK Fintech Innovation ETF by 82.2% in the third quarter. Allworth Financial LP now owns 1,924 shares of the company’s stock valued at $37,000 after purchasing an additional 868 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its stake in ARK Fintech Innovation ETF by 5.7% in the third quarter. Wealthfront Advisers LLC now owns 69,659 shares of the company’s stock valued at $1,349,000 after purchasing an additional 3,774 shares in the last quarter.

ARK Fintech Innovation ETF Stock Performance

NYSEARCA:ARKF traded down $0.27 during trading hours on Tuesday, hitting $28.19. The stock had a trading volume of 309,534 shares, compared to its average volume of 555,196. ARK Fintech Innovation ETF has a one year low of $17.37 and a one year high of $30.99. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. The business’s 50 day moving average is $28.82 and its 200-day moving average is $26.08.

About ARK Fintech Innovation ETF

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.