International Assets Investment Management LLC Decreases Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

International Assets Investment Management LLC trimmed its position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 13.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,764 shares of the company’s stock after selling 1,540 shares during the period. International Assets Investment Management LLC’s holdings in ARK Fintech Innovation ETF were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Gerber LLC acquired a new position in ARK Fintech Innovation ETF in the 4th quarter worth about $2,740,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of ARK Fintech Innovation ETF in the 3rd quarter valued at approximately $334,000. Raymond James & Associates grew its holdings in shares of ARK Fintech Innovation ETF by 3.2% during the 4th quarter. Raymond James & Associates now owns 100,955 shares of the company’s stock worth $2,784,000 after purchasing an additional 3,150 shares during the period. Sowell Financial Services LLC purchased a new position in shares of ARK Fintech Innovation ETF during the 4th quarter worth approximately $1,171,000. Finally, Banque Pictet & Cie SA purchased a new position in ARK Fintech Innovation ETF during the 3rd quarter valued at about $318,000.

ARK Fintech Innovation ETF Price Performance

ARKF stock opened at $27.51 on Wednesday. The firm has a market capitalization of $995.86 million, a P/E ratio of 61.35 and a beta of 2.03. The business’s 50-day moving average is $27.54 and its two-hundred day moving average is $27.62. ARK Fintech Innovation ETF has a 1 year low of $17.37 and a 1 year high of $30.99.

About ARK Fintech Innovation ETF

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.