Envestnet Asset Management Inc. Sells 10,168 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Envestnet Asset Management Inc. trimmed its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 38.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,599 shares of the company’s stock after selling 10,168 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of ARK Fintech Innovation ETF worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Concurrent Investment Advisors LLC bought a new stake in shares of ARK Fintech Innovation ETF in the 1st quarter worth approximately $215,000. von Borstel & Associates Inc. bought a new stake in shares of ARK Fintech Innovation ETF in the 1st quarter worth approximately $33,000. Golden State Wealth Management LLC grew its position in shares of ARK Fintech Innovation ETF by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,814 shares of the company’s stock worth $60,000 after buying an additional 907 shares during the last quarter. Copia Wealth Management grew its position in shares of ARK Fintech Innovation ETF by 33.1% in the 1st quarter. Copia Wealth Management now owns 1,559 shares of the company’s stock worth $52,000 after buying an additional 388 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of ARK Fintech Innovation ETF in the 1st quarter worth approximately $1,013,000.

ARK Fintech Innovation ETF Stock Performance

Shares of ARKF stock opened at $51.99 on Wednesday. The firm has a market cap of $1.31 billion, a P/E ratio of 36.31 and a beta of 1.50. ARK Fintech Innovation ETF has a fifty-two week low of $24.25 and a fifty-two week high of $55.82. The business’s 50 day moving average price is $48.92 and its 200-day moving average price is $41.40.

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.