ARK Fintech Innovation ETF (NYSEARCA:ARKF) Shares Sold by Clearwater Capital Advisors LLC

Clearwater Capital Advisors LLC lowered its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,862 shares of the company’s stock after selling 18,882 shares during the quarter. ARK Fintech Innovation ETF comprises about 0.9% of Clearwater Capital Advisors LLC’s holdings, making the stock its 28th largest position. Clearwater Capital Advisors LLC’s holdings in ARK Fintech Innovation ETF were worth $9,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MBA Advisors LLC increased its stake in shares of ARK Fintech Innovation ETF by 3.7% during the 4th quarter. MBA Advisors LLC now owns 7,013 shares of the company’s stock valued at $260,000 after acquiring an additional 247 shares during the last quarter. IFP Advisors Inc increased its position in ARK Fintech Innovation ETF by 10.2% during the 4th quarter. IFP Advisors Inc now owns 3,483 shares of the company’s stock worth $129,000 after purchasing an additional 323 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in ARK Fintech Innovation ETF during the 4th quarter worth approximately $32,000. Truist Financial Corp increased its position in ARK Fintech Innovation ETF by 12.4% during the 4th quarter. Truist Financial Corp now owns 7,987 shares of the company’s stock worth $296,000 after purchasing an additional 881 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in ARK Fintech Innovation ETF during the 4th quarter worth approximately $34,000.

ARK Fintech Innovation ETF Stock Performance

ARKF opened at $34.28 on Monday. The firm has a 50 day moving average price of $39.43 and a 200 day moving average price of $35.82. The company has a market cap of $913.56 million, a PE ratio of 39.66 and a beta of 1.82. ARK Fintech Innovation ETF has a 1 year low of $22.85 and a 1 year high of $44.72.

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.