Hel Ved Capital Management Ltd Makes New Investment in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Hel Ved Capital Management Ltd purchased a new stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $370,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in ARK Fintech Innovation ETF during the fourth quarter worth about $32,000. Golden State Wealth Management LLC purchased a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter valued at approximately $34,000. IFP Advisors Inc lifted its holdings in ARK Fintech Innovation ETF by 10.2% in the fourth quarter. IFP Advisors Inc now owns 3,483 shares of the company’s stock valued at $129,000 after acquiring an additional 323 shares during the last quarter. Allworth Financial LP grew its position in ARK Fintech Innovation ETF by 89.7% in the fourth quarter. Allworth Financial LP now owns 3,650 shares of the company’s stock worth $148,000 after acquiring an additional 1,726 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in ARK Fintech Innovation ETF during the fourth quarter worth $203,000.

ARK Fintech Innovation ETF Stock Down 6.3 %

Shares of ARK Fintech Innovation ETF stock opened at $29.78 on Friday. The firm has a market cap of $775.77 million, a PE ratio of 27.28 and a beta of 1.89. ARK Fintech Innovation ETF has a 52 week low of $22.85 and a 52 week high of $44.72. The business’s fifty day simple moving average is $38.10 and its 200-day simple moving average is $36.41.

ARK Fintech Innovation ETF 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.