Oarsman Capital Inc. Sells 976 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Oarsman Capital Inc. reduced its holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 58.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 697 shares of the company’s stock after selling 976 shares during the quarter. Oarsman Capital Inc.’s holdings in ARK Fintech Innovation ETF were worth $26,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in ARKF. LPL Financial LLC increased its stake in ARK Fintech Innovation ETF by 3.2% in the fourth quarter. LPL Financial LLC now owns 861,231 shares of the company’s stock valued at $31,909,000 after acquiring an additional 27,036 shares during the period. Wells Fargo & Company MN grew its holdings in shares of ARK Fintech Innovation ETF by 30.1% during the fourth quarter. Wells Fargo & Company MN now owns 102,774 shares of the company’s stock worth $3,808,000 after purchasing an additional 23,780 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ARK Fintech Innovation ETF in the fourth quarter valued at $3,378,000. Stratos Wealth Partners LTD. raised its holdings in shares of ARK Fintech Innovation ETF by 190.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 69,445 shares of the company’s stock valued at $2,573,000 after buying an additional 45,529 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new position in ARK Fintech Innovation ETF during the 4th quarter worth about $1,873,000.

ARK Fintech Innovation ETF Stock Down 6.3 %

Shares of NYSEARCA:ARKF opened at $29.78 on Monday. ARK Fintech Innovation ETF has a 12 month low of $22.85 and a 12 month high of $44.72. The firm has a market cap of $775.77 million, a P/E ratio of 27.28 and a beta of 1.89. The company’s 50-day moving average price is $38.10 and its two-hundred day moving average price is $36.52.

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.