4,743 Shares in ARK Fintech Innovation ETF $ARKF Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. bought a new position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,743 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC increased its holdings in ARK Fintech Innovation ETF by 16.9% during the 1st quarter. LPL Financial LLC now owns 1,007,131 shares of the company’s stock worth $33,497,000 after acquiring an additional 145,900 shares during the period. Clearwater Capital Advisors LLC grew its stake in ARK Fintech Innovation ETF by 2.0% in the 1st quarter. Clearwater Capital Advisors LLC now owns 263,957 shares of the company’s stock worth $8,779,000 after buying an additional 5,095 shares in the last quarter. Cetera Investment Advisers grew its stake in ARK Fintech Innovation ETF by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 127,479 shares of the company’s stock worth $4,240,000 after buying an additional 11,713 shares in the last quarter. Commonwealth Financial Services LLC purchased a new position in ARK Fintech Innovation ETF in the 1st quarter worth approximately $3,391,000. Finally, Nwam LLC grew its stake in ARK Fintech Innovation ETF by 0.7% in the 1st quarter. Nwam LLC now owns 54,269 shares of the company’s stock worth $1,805,000 after buying an additional 401 shares in the last quarter.

ARK Fintech Innovation ETF Price Performance

ARKF stock opened at $57.77 on Monday. ARK Fintech Innovation ETF has a one year low of $27.70 and a one year high of $58.35. The stock has a market cap of $1.48 billion, a PE ratio of 36.31 and a beta of 1.50. The firm has a 50 day simple moving average of $53.90 and a two-hundred day simple moving average of $44.51.

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.