Tyler Stone Wealth Management Cuts Stock Holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Tyler Stone Wealth Management cut its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 6.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,650 shares of the company’s stock after selling 470 shares during the quarter. Tyler Stone Wealth Management’s holdings in ARK Fintech Innovation ETF were worth $246,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Flow Traders U.S. LLC acquired a new position in ARK Fintech Innovation ETF in the third quarter valued at $7,416,000. Raymond James Financial Inc. acquired a new position in shares of ARK Fintech Innovation ETF in the 4th quarter valued at about $3,378,000. Synergy Asset Management LLC purchased a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter worth about $1,873,000. Stratos Wealth Partners LTD. increased its position in ARK Fintech Innovation ETF by 190.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 69,445 shares of the company’s stock worth $2,573,000 after purchasing an additional 45,529 shares in the last quarter. Finally, LPL Financial LLC increased its position in ARK Fintech Innovation ETF by 3.2% during the 4th quarter. LPL Financial LLC now owns 861,231 shares of the company’s stock worth $31,909,000 after purchasing an additional 27,036 shares in the last quarter.

ARK Fintech Innovation ETF Stock Down 3.4 %

Shares of ARKF stock opened at $35.77 on Thursday. ARK Fintech Innovation ETF has a fifty-two week low of $22.85 and a fifty-two week high of $44.72. The firm’s 50 day moving average price is $39.07 and its two-hundred day moving average price is $36.21. The stock has a market cap of $953.27 million, a price-to-earnings ratio of 39.66 and a beta of 1.82.

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.