Tyler Stone Wealth Management Trims Stock Holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Tyler Stone Wealth Management lowered its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,650 shares of the company’s stock after selling 470 shares during the period. Tyler Stone Wealth Management’s holdings in ARK Fintech Innovation ETF were worth $246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in shares of ARK Fintech Innovation ETF during the 3rd quarter worth about $7,416,000. Raymond James Financial Inc. purchased a new stake in ARK Fintech Innovation ETF in the 4th quarter worth approximately $3,378,000. Synergy Asset Management LLC purchased a new stake in ARK Fintech Innovation ETF in the 4th quarter worth approximately $1,873,000. Stratos Wealth Partners LTD. raised its holdings in ARK Fintech Innovation ETF by 190.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 69,445 shares of the company’s stock valued at $2,573,000 after acquiring an additional 45,529 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of ARK Fintech Innovation ETF by 3.2% during the 4th quarter. LPL Financial LLC now owns 861,231 shares of the company’s stock worth $31,909,000 after purchasing an additional 27,036 shares during the period.

ARK Fintech Innovation ETF Stock Down 3.4 %

ARKF stock opened at $35.77 on Thursday. The stock has a market capitalization of $953.27 million, a price-to-earnings ratio of 39.66 and a beta of 1.82. The stock’s fifty day simple moving average is $39.07 and its 200-day simple moving average is $36.21. ARK Fintech Innovation ETF has a 52-week low of $22.85 and a 52-week high of $44.72.

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.