Cetera Investment Advisers Has $3.35 Million Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Cetera Investment Advisers cut its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,332 shares of the company’s stock after selling 1,390 shares during the period. Cetera Investment Advisers’ holdings in ARK Fintech Innovation ETF were worth $3,352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. HAP Trading LLC acquired a new position in shares of ARK Fintech Innovation ETF in the fourth quarter valued at $1,966,000. Centaurus Financial Inc. bought a new position in ARK Fintech Innovation ETF in the 4th quarter valued at about $1,763,000. Vima LLC acquired a new stake in ARK Fintech Innovation ETF during the fourth quarter worth approximately $40,000. Twin Focus Capital Partners LLC bought a new stake in shares of ARK Fintech Innovation ETF during the fourth quarter worth approximately $1,260,000. Finally, Gerber LLC bought a new position in shares of ARK Fintech Innovation ETF during the fourth quarter worth approximately $2,740,000.

ARK Fintech Innovation ETF Trading Down 0.1 %

NYSEARCA:ARKF opened at $30.16 on Friday. The stock has a 50 day simple moving average of $28.11 and a 200 day simple moving average of $28.04. ARK Fintech Innovation ETF has a 1-year low of $17.37 and a 1-year high of $30.99. The stock has a market cap of $1.09 billion, a P/E 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.