United Asset Strategies Inc. Purchases 1,346 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

United Asset Strategies Inc. grew its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,702 shares of the company’s stock after purchasing an additional 1,346 shares during the period. United Asset Strategies Inc.’s holdings in ARK Fintech Innovation ETF were worth $1,323,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ARKF. Darwin Wealth Management LLC bought a new stake in shares of ARK Fintech Innovation ETF during the 3rd quarter worth $28,000. Capital Performance Advisors LLP purchased a new stake in ARK Fintech Innovation ETF during the third quarter valued at about $48,000. MBA Advisors LLC bought a new stake in ARK Fintech Innovation ETF during the third quarter worth about $202,000. Janney Montgomery Scott LLC purchased a new position in shares of ARK Fintech Innovation ETF in the 4th quarter worth about $203,000. Finally, Tyler Stone Wealth Management increased its position in shares of ARK Fintech Innovation ETF by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 7,120 shares of the company’s stock valued at $212,000 after purchasing an additional 3,560 shares during the last quarter.

ARK Fintech Innovation ETF Trading Up 0.5 %

Shares of NYSEARCA ARKF opened at $40.99 on Monday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. The stock’s 50-day moving average is $39.02 and its 200 day moving average is $32.81. ARK Fintech Innovation ETF has a 1-year low of $22.85 and a 1-year high of $41.71.

ARK Fintech Innovation ETF Company 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.