Archer Investment Management LLC Takes $2.11 Million Position in ARK Fintech Innovation ETF $ARKF

Archer Investment Management LLC acquired a new position in ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 37,197 shares of the company’s stock, valued at approximately $2,113,000. ARK Fintech Innovation ETF accounts for 1.3% of Archer Investment Management LLC’s holdings, making the stock its 23rd largest position.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in ARK Fintech Innovation ETF by 23.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 12,260 shares of the company’s stock valued at $408,000 after purchasing an additional 2,297 shares during the last quarter. Walleye Capital LLC grew its holdings in shares of ARK Fintech Innovation ETF by 99.3% in the first quarter. Walleye Capital LLC now owns 17,736 shares of the company’s stock worth $590,000 after purchasing an additional 8,836 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of ARK Fintech Innovation ETF in the first quarter worth $248,000. Focus Financial Network Inc. bought a new stake in ARK Fintech Innovation ETF during the 2nd quarter valued at $238,000. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in ARK Fintech Innovation ETF during the 2nd quarter valued at $11,771,000.

ARK Fintech Innovation ETF Stock Up 1.4%

Shares of ARK Fintech Innovation ETF stock opened at $48.34 on Friday. The company’s fifty day simple moving average is $51.83 and its two-hundred day simple moving average is $52.11. ARK Fintech Innovation ETF has a 12-month low of $27.70 and a 12-month high of $59.20. The firm has a market cap of $1.10 billion, a PE ratio of 36.31 and a beta of 1.94.

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.