Hel Ved Capital Management Ltd Buys New Stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Hel Ved Capital Management Ltd purchased a new position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $370,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN lifted its position in shares of ARK Fintech Innovation ETF by 30.1% during the fourth quarter. Wells Fargo & Company MN now owns 102,774 shares of the company’s stock worth $3,808,000 after purchasing an additional 23,780 shares in the last quarter. National Bank of Canada FI lifted its holdings in ARK Fintech Innovation ETF by 76.9% during the 4th quarter. National Bank of Canada FI now owns 26,748 shares of the company’s stock worth $991,000 after buying an additional 11,625 shares in the last quarter. LPL Financial LLC boosted its position in ARK Fintech Innovation ETF by 3.2% in the 4th quarter. LPL Financial LLC now owns 861,231 shares of the company’s stock valued at $31,909,000 after buying an additional 27,036 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of ARK Fintech Innovation ETF by 7.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 24,746 shares of the company’s stock worth $917,000 after acquiring an additional 1,613 shares in the last quarter. Finally, Global View Capital Management LLC purchased a new stake in shares of ARK Fintech Innovation ETF during the fourth quarter worth $978,000.

ARK Fintech Innovation ETF Trading Down 6.3 %

Shares of NYSEARCA ARKF opened at $29.78 on Friday. The stock has a market cap of $775.77 million, a P/E ratio of 27.28 and a beta of 1.89. The business’s fifty day simple moving average is $38.10 and its 200-day simple moving average is $36.41. ARK Fintech Innovation ETF has a 12-month low of $22.85 and a 12-month high of $44.72.

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.