StoneX Group Inc. Cuts Stock Holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

StoneX Group Inc. trimmed its stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,058 shares of the company’s stock after selling 967 shares during the period. StoneX Group Inc.’s holdings in ARK Fintech Innovation ETF were worth $373,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ARKF. International Assets Investment Management LLC bought a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter worth $309,000. Wealthcare Advisory Partners LLC purchased a new position in shares of ARK Fintech Innovation ETF in the 4th quarter worth about $282,000. Janney Montgomery Scott LLC bought a new position in shares of ARK Fintech Innovation ETF during the 4th quarter valued at about $203,000. United Asset Strategies Inc. raised its holdings in shares of ARK Fintech Innovation ETF by 3.9% during the 4th quarter. United Asset Strategies Inc. now owns 35,702 shares of the company’s stock valued at $1,323,000 after buying an additional 1,346 shares in the last quarter. Finally, Perigon Wealth Management LLC bought a new stake in ARK Fintech Innovation ETF in the 4th quarter worth approximately $240,000.

ARK Fintech Innovation ETF Price Performance

Shares of NYSEARCA ARKF opened at $34.66 on Thursday. The stock has a market capitalization of $902.89 million, a P/E ratio of 27.28 and a beta of 1.89. ARK Fintech Innovation ETF has a one year low of $22.85 and a one year high of $44.72. The firm’s 50 day simple moving average is $38.51 and its two-hundred day simple moving average is $36.44.

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.