Vontobel Holding Ltd. Sells 1,900 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Vontobel Holding Ltd. trimmed its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 17.9% during the 4th quarter, HoldingsChannel reports. The fund owned 8,700 shares of the company’s stock after selling 1,900 shares during the quarter. Vontobel Holding Ltd.’s holdings in ARK Fintech Innovation ETF were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in ARK Fintech Innovation ETF in the fourth quarter worth about $85,990,000. Price Capital Management Inc. bought a new stake in shares of ARK Fintech Innovation ETF in the 4th quarter valued at approximately $7,109,000. Prudential PLC raised its holdings in shares of ARK Fintech Innovation ETF by 0.5% in the 3rd quarter. Prudential PLC now owns 215,110 shares of the company’s stock worth $4,119,000 after buying an additional 1,110 shares in the last quarter. Raymond James & Associates lifted its position in shares of ARK Fintech Innovation ETF by 3.2% during the 4th quarter. Raymond James & Associates now owns 100,955 shares of the company’s stock worth $2,784,000 after buying an additional 3,150 shares during the period. Finally, Wealthfront Advisers LLC boosted its stake in ARK Fintech Innovation ETF by 5.7% in the 3rd quarter. Wealthfront Advisers LLC now owns 69,659 shares of the company’s stock valued at $1,349,000 after buying an additional 3,774 shares in the last quarter.

ARK Fintech Innovation ETF Stock Down 1.7 %

Shares of ARKF stock opened at $27.71 on Thursday. The company has a market capitalization of $1.03 billion, a P/E ratio of 63.57 and a beta of 1.50. The firm has a 50-day moving average price of $28.84 and a 200 day moving average price of $25.50. ARK Fintech Innovation ETF has a 12-month low of $16.93 and a 12-month high of $30.99.

ARK Fintech Innovation ETF Company 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.