NewEdge Advisors LLC Has $331,000 Stock Holdings in ARK Fintech Innovation ETF $ARKF

NewEdge Advisors LLC decreased its holdings in shares of ARK Fintech Innovation ETF (BATS:ARKF) by 60.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,699 shares of the company’s stock after selling 13,541 shares during the quarter. NewEdge Advisors LLC’s holdings in ARK Fintech Innovation ETF were worth $331,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. UBS Group AG lifted its stake in ARK Fintech Innovation ETF by 4.6% in the 4th quarter. UBS Group AG now owns 335,261 shares of the company’s stock worth $15,968,000 after acquiring an additional 14,896 shares in the last quarter. Two Sigma Investments LP purchased a new position in ARK Fintech Innovation ETF during the 3rd quarter valued at about $17,949,000. Clearwater Capital Advisors LLC increased its holdings in shares of ARK Fintech Innovation ETF by 8.5% in the 1st quarter. Clearwater Capital Advisors LLC now owns 245,638 shares of the company’s stock valued at $9,337,000 after purchasing an additional 19,143 shares during the period. Wells Fargo & Company MN increased its holdings in shares of ARK Fintech Innovation ETF by 31.3% in the 4th quarter. Wells Fargo & Company MN now owns 225,945 shares of the company’s stock valued at $10,762,000 after purchasing an additional 53,844 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of ARK Fintech Innovation ETF by 70.5% in the fourth quarter. Cetera Investment Advisers now owns 196,379 shares of the company’s stock worth $9,354,000 after purchasing an additional 81,170 shares in the last quarter.

ARK Fintech Innovation ETF Stock Performance

ARKF stock opened at $45.72 on Monday. The stock has a market cap of $1.10 billion, a P/E ratio of 36.31 and a beta of 1.89. The firm has a 50 day simple moving average of $41.27 and a 200 day simple moving average of $40.56. ARK Fintech Innovation ETF has a 52 week low of $35.82 and a 52 week high of $59.20.

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 issued by ARK.