Truist Financial Corp Acquires Shares of 10,171 ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Truist Financial Corp acquired a new stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,171 shares of the company’s stock, valued at approximately $281,000.

Other hedge funds have also modified their holdings of the company. Atria Wealth Solutions Inc. grew its holdings in shares of ARK Fintech Innovation ETF by 5.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 30,027 shares of the company’s stock worth $828,000 after buying an additional 1,439 shares during the last quarter. KFG Wealth Management LLC purchased a new position in shares of ARK Fintech Innovation ETF in the 4th quarter valued at approximately $4,374,000. TRUE Private Wealth Advisors acquired a new position in shares of ARK Fintech Innovation ETF in the fourth quarter valued at approximately $655,000. United Asset Strategies Inc. purchased a new stake in shares of ARK Fintech Innovation ETF during the fourth quarter worth approximately $945,000. Finally, Crescent Grove Advisors LLC purchased a new stake in shares of ARK Fintech Innovation ETF during the fourth quarter worth approximately $230,000.

ARK Fintech Innovation ETF Price Performance

NYSEARCA:ARKF opened at $28.49 on Tuesday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. The firm’s fifty day moving average price is $28.60 and its 200 day moving average price is $26.69. ARK Fintech Innovation ETF has a 1-year low of $17.37 and a 1-year high of $30.99.

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.