ARK Fintech Innovation ETF (NYSEARCA:ARKF) Reaches New 52-Week High – Should You Buy?

by · The Cerbat Gem

ARK Fintech Innovation ETF (NYSEARCA:ARKF – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $33.07 and last traded at $33.03, with a volume of 28126 shares changing hands. The stock had previously closed at $31.83.

ARK Fintech Innovation ETF Trading Up 6.7 %

The stock has a fifty day simple moving average of $29.71 and a two-hundred day simple moving average of $28.32. The company has a market cap of $1.23 billion, a PE ratio of 61.35 and a beta of 2.03.

Institutional Trading of ARK Fintech Innovation ETF

Institutional investors have recently modified their holdings of the business. Creative Planning lifted its holdings in 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 acquiring an additional 578 shares during the period. Nwam LLC lifted its stake in shares of ARK Fintech Innovation ETF by 1.4% in the first quarter. Nwam LLC now owns 54,407 shares of the company’s stock valued at $1,650,000 after purchasing an additional 776 shares during the period. CWM LLC lifted its stake in shares of ARK Fintech Innovation ETF by 1.9% in the second quarter. CWM LLC now owns 45,122 shares of the company’s stock valued at $1,257,000 after purchasing an additional 845 shares during the period. Insight Advisors LLC PA boosted its holdings in ARK Fintech Innovation ETF by 8.3% during the second quarter. Insight Advisors LLC PA now owns 15,938 shares of the company’s stock worth $444,000 after buying an additional 1,223 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in ARK Fintech Innovation ETF during the third quarter worth about $48,000.

About ARK Fintech Innovation ETF

(Get Free Report)

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.

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