Stephens Inc. AR Has $510,000 Stock Position in ARK Fintech Innovation ETF $ARKF

Stephens Inc. AR increased its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 14.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,153 shares of the company’s stock after buying an additional 1,253 shares during the period. Stephens Inc. AR’s holdings in ARK Fintech Innovation ETF were worth $510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. MBA Advisors LLC lifted its position in ARK Fintech Innovation ETF by 3.0% during the 2nd quarter. MBA Advisors LLC now owns 7,470 shares of the company’s stock worth $375,000 after buying an additional 217 shares in the last quarter. International Assets Investment Management LLC lifted its position in ARK Fintech Innovation ETF by 4.3% during the 2nd quarter. International Assets Investment Management LLC now owns 6,739 shares of the company’s stock valued at $339,000 after purchasing an additional 280 shares during the period. Nwam LLC lifted its position in ARK Fintech Innovation ETF by 0.7% during the 1st quarter. Nwam LLC now owns 54,269 shares of the company’s stock valued at $1,805,000 after purchasing an additional 401 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in ARK Fintech Innovation ETF by 7.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,491 shares of the company’s stock valued at $282,000 after purchasing an additional 567 shares during the period. Finally, Allworth Financial LP lifted its position in ARK Fintech Innovation ETF by 18.5% during the 1st quarter. Allworth Financial LP now owns 4,325 shares of the company’s stock valued at $154,000 after purchasing an additional 675 shares during the period.

ARK Fintech Innovation ETF Trading Up 2.3%

ARK Fintech Innovation ETF stock opened at $57.09 on Friday. ARK Fintech Innovation ETF has a 1 year low of $27.70 and a 1 year high of $59.20. The company has a market cap of $1.33 billion, a PE ratio of 36.31 and a beta of 1.50. The company’s 50-day moving average is $55.26 and its two-hundred day moving average is $48.37.

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.