International Assets Investment Management LLC Invests $312,000 in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

International Assets Investment Management LLC purchased a new position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) in the 4th quarter, Holdings Channel reports. The firm purchased 11,304 shares of the company’s stock, valued at approximately $312,000.

Several other hedge funds have also recently modified their holdings of ARKF. Allworth Financial LP increased its position in ARK Fintech Innovation ETF by 82.2% during the third quarter. Allworth Financial LP now owns 1,924 shares of the company’s stock valued at $37,000 after acquiring an additional 868 shares during the last quarter. Barclays PLC increased its position in ARK Fintech Innovation ETF by 66.5% during the third quarter. Barclays PLC now owns 2,606 shares of the company’s stock valued at $50,000 after acquiring an additional 1,041 shares during the last quarter. Prosperity Wealth Management Inc. increased its position in ARK Fintech Innovation ETF by 10.3% during the third quarter. Prosperity Wealth Management Inc. now owns 11,870 shares of the company’s stock valued at $230,000 after acquiring an additional 1,110 shares during the last quarter. Prudential PLC increased its position in ARK Fintech Innovation ETF by 0.5% during the third quarter. Prudential PLC now owns 215,110 shares of the company’s stock valued at $4,119,000 after acquiring an additional 1,110 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in ARK Fintech Innovation ETF during the fourth quarter valued at $41,000.

ARK Fintech Innovation ETF Stock Performance

ARK Fintech Innovation ETF stock opened at $27.93 on Thursday. The stock has a market cap of $1.01 billion, a PE ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a one year low of $17.37 and a one year high of $30.99. The stock has a fifty day moving average of $28.52 and a 200 day moving average of $26.75.

ARK Fintech Innovation ETF 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.