ARK Fintech Innovation ETF (NYSEARCA:ARKF) Position Lessened by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC reduced its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 17.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,239 shares of the company’s stock after selling 1,718 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in ARK Fintech Innovation ETF were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ARKF. Creative Planning increased its stake in shares of ARK Fintech Innovation ETF by 2.6% in the second quarter. Creative Planning now owns 23,070 shares of the company’s stock valued at $643,000 after purchasing an additional 578 shares during the period. Darwin Wealth Management LLC acquired a new stake in ARK Fintech Innovation ETF in the 3rd quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in ARK Fintech Innovation ETF in the 3rd quarter valued at approximately $48,000. United Asset Strategies Inc. raised its stake in ARK Fintech Innovation ETF by 5.6% during the 3rd quarter. United Asset Strategies Inc. now owns 34,356 shares of the company’s stock valued at $1,024,000 after acquiring an additional 1,837 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its position in ARK Fintech Innovation ETF by 12.5% during the 2nd quarter. Bridges Investment Management Inc. now owns 19,752 shares of the company’s stock worth $550,000 after acquiring an additional 2,200 shares during the period.

ARK Fintech Innovation ETF Stock Performance

Shares of ARKF opened at $40.28 on Friday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. ARK Fintech Innovation ETF has a one year low of $22.85 and a one year high of $41.71. The stock’s fifty day moving average is $35.29 and its 200-day moving average is $30.43.

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.