ARK Fintech Innovation ETF $ARKF Stake Lessened by Prudential PLC

Prudential PLC lessened its stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 22.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,810 shares of the company’s stock after selling 44,100 shares during the quarter. Prudential PLC’s holdings in ARK Fintech Innovation ETF were worth $7,577,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC acquired a new position in shares of ARK Fintech Innovation ETF during the 1st quarter valued at $320,000. Kingsview Wealth Management LLC bought a new position in ARK Fintech Innovation ETF during the first quarter valued at about $248,000. Avantax Advisory Services Inc. boosted its stake in ARK Fintech Innovation ETF by 5.1% during the first quarter. Avantax Advisory Services Inc. now owns 26,004 shares of the company’s stock valued at $865,000 after buying an additional 1,258 shares in the last quarter. Cetera Investment Advisers grew its holdings in ARK Fintech Innovation ETF by 10.1% during the first quarter. Cetera Investment Advisers now owns 127,479 shares of the company’s stock worth $4,240,000 after acquiring an additional 11,713 shares during the period. Finally, First Heartland Consultants Inc. raised its position in ARK Fintech Innovation ETF by 6.9% in the first quarter. First Heartland Consultants Inc. now owns 12,340 shares of the company’s stock worth $410,000 after acquiring an additional 795 shares in the last quarter.

ARK Fintech Innovation ETF Trading Down 4.8%

Shares of NYSEARCA ARKF opened at $45.19 on Friday. ARK Fintech Innovation ETF has a twelve month low of $27.70 and a twelve month high of $59.20. The firm has a 50-day moving average of $54.92 and a two-hundred day moving average of $50.83. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 36.31 and a beta of 1.94.

About ARK Fintech Innovation ETF

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.