Insigneo Advisory Services LLC Buys New Stake in ARK Fintech Innovation ETF $ARKF

Insigneo Advisory Services LLC bought a new stake in ARK Fintech Innovation ETF (NYSEARCA:ARKF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,241 shares of the company’s stock, valued at approximately $263,000.

Other large investors have also made changes to their positions in the company. Stephens Inc. AR grew its stake in ARK Fintech Innovation ETF by 14.1% during the 2nd quarter. Stephens Inc. AR now owns 10,153 shares of the company’s stock worth $510,000 after buying an additional 1,253 shares during the last quarter. Focus Financial Network Inc. purchased a new stake in ARK Fintech Innovation ETF in the second quarter valued at about $238,000. Farther Finance Advisors LLC boosted its holdings in ARK Fintech Innovation ETF by 9,586.2% in the second quarter. Farther Finance Advisors LLC now owns 2,809 shares of the company’s stock worth $141,000 after acquiring an additional 2,780 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in ARK Fintech Innovation ETF by 23.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 12,260 shares of the company’s stock worth $408,000 after acquiring an additional 2,297 shares in the last quarter. Finally, MBA Advisors LLC grew its stake in shares of ARK Fintech Innovation ETF by 3.0% during the second quarter. MBA Advisors LLC now owns 7,470 shares of the company’s stock worth $375,000 after acquiring an additional 217 shares during the last quarter.

ARK Fintech Innovation ETF Stock Up 2.4%

Shares of ARK Fintech Innovation ETF stock opened at $48.78 on Thursday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 36.31 and a beta of 1.94. The company has a 50 day moving average price of $54.30 and a 200 day moving average price of $51.23. ARK Fintech Innovation ETF has a 52 week low of $27.70 and a 52 week high of $59.20.

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.