Clearwater Capital Advisors LLC Decreases Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Clearwater Capital Advisors LLC cut its holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,672 shares of the company’s stock after selling 10,154 shares during the period. ARK Fintech Innovation ETF makes up 0.8% of Clearwater Capital Advisors LLC’s portfolio, making the stock its 29th largest position. Clearwater Capital Advisors LLC owned 0.75% of ARK Fintech Innovation ETF worth $7,569,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ARKF. Principal Securities Inc. bought a new stake in shares of ARK Fintech Innovation ETF in the 4th quarter valued at about $25,000. Palisade Asset Management LLC purchased a new position in ARK Fintech Innovation ETF in the 1st quarter worth approximately $27,000. Vima LLC bought a new stake in ARK Fintech Innovation ETF in the fourth quarter valued at approximately $40,000. PNC Financial Services Group Inc. boosted its stake in shares of ARK Fintech Innovation ETF by 283.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock valued at $44,000 after purchasing an additional 1,174 shares during the period. Finally, Activest Wealth Management grew its holdings in shares of ARK Fintech Innovation ETF by 15,367.9% in the first quarter. Activest Wealth Management now owns 4,331 shares of the company’s stock worth $131,000 after purchasing an additional 4,303 shares during the last quarter.

ARK Fintech Innovation ETF Stock Performance

Shares of NYSEARCA ARKF traded down $0.96 during mid-day trading on Friday, hitting $26.33. The stock had a trading volume of 242,179 shares, compared to its average volume of 487,157. The business has a 50 day moving average price of $27.55 and a two-hundred day moving average price of $27.99. The firm has a market cap of $953.15 million, a P/E ratio of 61.35 and a beta of 2.03. 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.