ARK Fintech Innovation ETF (NYSEARCA:ARKF) Sets New 1-Year High – Time to Buy?

ARK Fintech Innovation ETF (NYSEARCA:ARKFGet Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $31.02 and last traded at $30.96, with a volume of 67394 shares. The stock had previously closed at $30.63.

ARK Fintech Innovation ETF Price Performance

The company has a 50 day moving average price of $28.22 and a 200 day moving average price of $28.01. The firm has a market cap of $1.13 billion, a PE ratio of 61.35 and a beta of 2.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Palisade Asset Management LLC acquired a new position in ARK Fintech Innovation ETF during the first quarter worth $27,000. PNC Financial Services Group Inc. grew its holdings in ARK Fintech Innovation ETF by 283.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock valued at $44,000 after purchasing an additional 1,174 shares during the last quarter. PFG Advisors acquired a new stake in ARK Fintech Innovation ETF in the first quarter valued at $207,000. EdgeRock Capital LLC acquired a new stake in ARK Fintech Innovation ETF in the second quarter valued at $215,000. Finally, Insight Advisors LLC PA grew its holdings in ARK Fintech Innovation ETF by 8.3% in the second quarter. Insight Advisors LLC PA now owns 15,938 shares of the company’s stock valued at $444,000 after purchasing an additional 1,223 shares during the last quarter.

About ARK Fintech Innovation ETF

(Get Free Report)

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.

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