Archer Investment Management LLC purchased a new stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,197 shares of the company’s stock, valued at approximately $2,113,000. ARK Fintech Innovation ETF comprises about 1.3% of Archer Investment Management LLC’s holdings, making the stock its 23rd biggest holding. Archer Investment Management LLC owned approximately 0.15% of ARK Fintech Innovation ETF as of its most recent SEC filing.
Several other large investors have also bought and sold shares of ARKF. Kilter Group LLC bought a new stake in shares of ARK Fintech Innovation ETF in the 2nd quarter worth $28,000. Darwin Wealth Management LLC purchased a new position in ARK Fintech Innovation ETF during the second quarter worth about $41,000. Whipplewood Advisors LLC boosted its holdings in ARK Fintech Innovation ETF by 14,216.7% during the second quarter. Whipplewood Advisors LLC now owns 859 shares of the company’s stock worth $43,000 after purchasing an additional 853 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in ARK Fintech Innovation ETF in the 2nd quarter worth about $63,000. Finally, Farther Finance Advisors LLC increased its stake in 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 buying an additional 2,780 shares during the last quarter.
ARK Fintech Innovation ETF Stock Up 1.4%
Shares of NYSEARCA ARKF opened at $48.34 on Friday. The company has a market capitalization of $1.10 billion, a PE ratio of 36.31 and a beta of 1.94. The stock’s 50 day moving average price is $51.83 and its 200-day moving average price is $52.11. ARK Fintech Innovation ETF has a twelve month low of $27.70 and a twelve month high of $59.20.
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.
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