Cwm LLC Reduces Holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Cwm LLC lessened its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,658 shares of the company’s stock after selling 10,723 shares during the period. Cwm LLC owned 0.12% of ARK Fintech Innovation ETF worth $1,507,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Baystate Wealth Management LLC raised its stake in shares of ARK Fintech Innovation ETF by 83.4% during the 3rd quarter. Baystate Wealth Management LLC now owns 1,282 shares of the company’s stock valued at $25,000 after purchasing an additional 583 shares during the period. Concourse Financial Group Securities Inc. raised its stake in shares of ARK Fintech Innovation ETF by 81.9% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,532 shares of the company’s stock valued at $30,000 after purchasing an additional 690 shares during the period. Allworth Financial LP raised its stake in shares of ARK Fintech Innovation ETF by 82.2% during the 3rd quarter. Allworth Financial LP now owns 1,924 shares of the company’s stock valued at $37,000 after purchasing an additional 868 shares during the period. Global Trust Asset Management LLC bought a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter valued at $41,000. Finally, Barclays PLC increased its stake in ARK Fintech Innovation ETF by 66.5% in the 3rd quarter. Barclays PLC now owns 2,606 shares of the company’s stock worth $50,000 after acquiring an additional 1,041 shares during the last quarter.

ARK Fintech Innovation ETF Stock Up 2.0 %

Shares of NYSEARCA ARKF opened at $27.89 on Friday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 63.57 and a beta of 1.50. The stock’s 50-day simple moving average is $28.81 and its two-hundred day simple moving average is $25.57. ARK Fintech Innovation ETF has a twelve month low of $16.93 and a twelve month high of $30.99.

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 managed by ARK.