Credit Suisse AG Reduces Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Credit Suisse AG cut its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF – Get Rating) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,811 shares of the company’s stock after selling 13,319 shares during the quarter. Credit Suisse AG owned about 0.22% of ARK Fintech Innovation ETF worth $1,644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARKF. Jane Street Group LLC lifted its position in ARK Fintech Innovation ETF by 126.4% during the second quarter. Jane Street Group LLC now owns 372,245 shares of the company’s stock valued at $5,767,000 after purchasing an additional 1,784,134 shares during the period. Goldman Sachs Group Inc. raised its position in shares of ARK Fintech Innovation ETF by 203.4% in the second quarter. Goldman Sachs Group Inc. now owns 78,909 shares of the company’s stock worth $1,222,000 after acquiring an additional 155,203 shares during the period. Mirabella Financial Services LLP acquired a new position in shares of ARK Fintech Innovation ETF in the third quarter worth about $1,456,000. Clearwater Capital Advisors LLC raised its position in shares of ARK Fintech Innovation ETF by 37.7% in the third quarter. Clearwater Capital Advisors LLC now owns 293,327 shares of the company’s stock worth $4,514,000 after acquiring an additional 80,282 shares during the period. Finally, Ulrich Consultants & Investment Group LLC acquired a new position in shares of ARK Fintech Innovation ETF in the second quarter worth about $1,024,000.

ARK Fintech Innovation ETF Trading Down 1.4 %

Shares of ARK Fintech Innovation ETF stock opened at $18.11 on Wednesday. The firm has a 50-day simple moving average of $17.26 and a two-hundred day simple moving average of $16.49. ARK Fintech Innovation ETF has a fifty-two week low of $13.50 and a fifty-two week high of $31.89.

About ARK Fintech Innovation ETF

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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.