Powell Investment Advisors LLC Purchases New Stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Powell Investment Advisors LLC acquired a new stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,820 shares of the company’s stock, valued at approximately $93,000.

A number of other large investors have also added to or reduced their stakes in the stock. Morgan Stanley boosted its position in shares of ARK Fintech Innovation ETF by 1,197.3% during the third quarter. Morgan Stanley now owns 146,885 shares of the company’s stock valued at $5,824,000 after buying an additional 135,563 shares during the last quarter. Claudia M.P. Batlle CRP R LLC purchased a new position in shares of ARK Fintech Innovation ETF during the third quarter valued at approximately $123,000. Pekin Hardy Strauss Inc. boosted its position in shares of ARK Fintech Innovation ETF by 311.9% during the third quarter. Pekin Hardy Strauss Inc. now owns 39,600 shares of the company’s stock valued at $1,570,000 after buying an additional 29,985 shares during the last quarter. Elevated Capital Advisors LLC purchased a new position in shares of ARK Fintech Innovation ETF during the third quarter valued at approximately $230,000. Finally, Brookstone Capital Management lifted its holdings in ARK Fintech Innovation ETF by 120.4% during the fourth quarter. Brookstone Capital Management now owns 173,032 shares of the company’s stock worth $8,601,000 after acquiring an additional 94,516 shares during the period.

ARK Fintech Innovation ETF stock traded down $1.05 during mid-day trading on Wednesday, reaching $54.13. 48,519 shares of the company’s stock were exchanged, compared to its average volume of 3,264,436. The business’s fifty day simple moving average is $53.69 and its 200 day simple moving average is $49.59. ARK Fintech Innovation ETF has a one year low of $21.96 and a one year high of $64.49.

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Institutional Ownership by Quarter for ARK Fintech Innovation ETF (NYSEARCA:ARKF)

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