ARK Fintech Innovation ETF (BATS:ARKF) Stock Price Down 0.7% – Here’s Why

ARK Fintech Innovation ETF (BATS:ARKF) was down 0.7% during trading on Monday . The company traded as low as $41.14 and last traded at $41.32. Approximately 64,364 shares traded hands during trading, a decline of 72% from the average daily volume of 233,120 shares. The stock had previously closed at $41.63.

ARK Fintech Innovation ETF Price Performance

The stock has a market capitalization of $991.68 million, a PE ratio of 36.31 and a beta of 1.89. The firm’s 50 day simple moving average is $40.64 and its 200 day simple moving average is $41.75.

Hedge Funds Weigh In On ARK Fintech Innovation ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in ARK Fintech Innovation ETF in the 3rd quarter worth $33,000. Elevated Capital Advisors LLC bought a new stake in ARK Fintech Innovation ETF in the fourth quarter worth $30,000. Darwin Wealth Management LLC purchased a new stake in ARK Fintech Innovation ETF during the second quarter valued at about $41,000. Wealth Watch Advisors INC purchased a new stake in ARK Fintech Innovation ETF during the third quarter valued at about $48,000. Finally, AlphaCore Capital LLC purchased a new stake in ARK Fintech Innovation ETF during the fourth quarter valued at about $43,000.

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 issued by ARK.