HB Wealth Management LLC Has $205,000 Position in ARK Fintech Innovation ETF $ARKF

HB Wealth Management LLC reduced its stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 40.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,078 shares of the company’s stock after selling 2,770 shares during the period. HB Wealth Management LLC’s holdings in ARK Fintech Innovation ETF were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. acquired a new stake in shares of ARK Fintech Innovation ETF in the 1st quarter valued at approximately $33,000. Copia Wealth Management boosted its stake 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 valued at $52,000 after purchasing an additional 388 shares in the last quarter. Golden State Wealth Management LLC boosted its stake 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 valued at $60,000 after purchasing an additional 907 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of ARK Fintech Innovation ETF by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 2,000 shares of the company’s stock valued at $66,000 after purchasing an additional 1,998 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of ARK Fintech Innovation ETF by 9,586.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,809 shares of the company’s stock valued at $141,000 after purchasing an additional 2,780 shares in the last quarter.

ARK Fintech Innovation ETF Trading Down 1.0%

ARKF opened at $57.96 on Wednesday. The company’s 50 day moving average is $54.68 and its 200-day moving average is $46.30. ARK Fintech Innovation ETF has a 1-year low of $27.70 and a 1-year high of $59.03. The company has a market cap of $1.45 billion, a P/E ratio of 36.31 and a beta of 1.50.

About ARK Fintech Innovation ETF

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.