Nwam LLC Purchases New Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Nwam LLC bought a new position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 55,036 shares of the company’s stock, valued at approximately $1,641,000.

A number of other institutional investors have also recently added to or reduced their stakes in ARKF. Flow Traders U.S. LLC bought a new stake in ARK Fintech Innovation ETF during the 1st quarter worth approximately $3,674,000. Jane Street Group LLC grew its holdings in ARK Fintech Innovation ETF by 764.0% during the 1st quarter. Jane Street Group LLC now owns 460,977 shares of the company’s stock worth $13,981,000 after acquiring an additional 407,625 shares during the last quarter. Cetera Investment Advisers grew its holdings in ARK Fintech Innovation ETF by 833.5% during the 1st quarter. Cetera Investment Advisers now owns 121,722 shares of the company’s stock worth $3,692,000 after acquiring an additional 108,683 shares during the last quarter. CWM LLC grew its holdings in ARK Fintech Innovation ETF by 1.9% during the 2nd quarter. CWM LLC now owns 45,122 shares of the company’s stock worth $1,257,000 after acquiring an additional 845 shares during the last quarter. Finally, Granite Bay Wealth Management LLC grew its holdings in ARK Fintech Innovation ETF by 2,966.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 422,262 shares of the company’s stock worth $11,844,000 after acquiring an additional 408,492 shares during the last quarter.

ARK Fintech Innovation ETF Price Performance

ARKF opened at $38.83 on Friday. ARK Fintech Innovation ETF has a fifty-two week low of $22.25 and a fifty-two week high of $38.99. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. The company’s 50 day moving average price is $31.93 and its two-hundred day moving average price is $29.09.

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.