KFG Wealth Management LLC Has $4.43 Million Stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

KFG Wealth Management LLC trimmed its holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,139 shares of the company’s stock after selling 12,467 shares during the period. ARK Fintech Innovation ETF accounts for 1.8% of KFG Wealth Management LLC’s holdings, making the stock its 14th largest position. KFG Wealth Management LLC owned 0.39% of ARK Fintech Innovation ETF worth $4,432,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in shares of ARK Fintech Innovation ETF during the fourth quarter worth $85,990,000. Gerber LLC bought a new stake in ARK Fintech Innovation ETF during the fourth quarter valued at $2,740,000. Brookstone Capital Management raised its holdings in shares of ARK Fintech Innovation ETF by 1.0% during the first quarter. Brookstone Capital Management now owns 114,766 shares of the company’s stock valued at $3,481,000 after purchasing an additional 1,122 shares during the period. Raymond James & Associates raised its holdings in shares of ARK Fintech Innovation ETF by 3.2% during the fourth quarter. Raymond James & Associates now owns 100,955 shares of the company’s stock valued at $2,784,000 after purchasing an additional 3,150 shares during the period. Finally, Twin Focus Capital Partners LLC acquired a new position in shares of ARK Fintech Innovation ETF during the fourth quarter valued at about $1,260,000.

ARK Fintech Innovation ETF Price Performance

Shares of ARK Fintech Innovation ETF stock traded up $0.12 on Wednesday, reaching $28.04. 234,741 shares of the company traded hands, compared to its average volume of 490,171. ARK Fintech Innovation ETF has a 52 week low of $17.37 and a 52 week high of $30.99. The company has a 50 day moving average of $27.59 and a 200 day moving average of $27.69. The firm has a market capitalization of $1.02 billion, a PE ratio of 61.35 and a beta of 2.03.

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.