Titleist Asset Management LLC Sells 9,119 Shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Titleist Asset Management LLC lowered its position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,695 shares of the company’s stock after selling 9,119 shares during the period. Titleist Asset Management LLC’s holdings in ARK Fintech Innovation ETF were worth $3,990,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in ARK Fintech Innovation ETF during the 4th quarter valued at about $3,378,000. Synergy Asset Management LLC bought a new stake in shares of ARK Fintech Innovation ETF in the 4th quarter valued at about $1,873,000. Stratos Wealth Partners LTD. grew its position in shares of 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 worth $2,573,000 after buying an additional 45,529 shares during the last quarter. LPL Financial LLC lifted its position in ARK Fintech Innovation ETF by 3.2% during 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 last quarter. Finally, Global View Capital Management LLC purchased a new position in ARK Fintech Innovation ETF in the fourth quarter worth $978,000.

ARK Fintech Innovation ETF Price Performance

Shares of ARKF stock opened at $29.78 on Friday. The company has a market cap of $775.77 million, a price-to-earnings ratio of 27.28 and a beta of 1.89. The stock’s fifty day moving average price is $38.10 and its 200 day moving average price is $36.47. ARK Fintech Innovation ETF has a 1-year low of $22.85 and a 1-year high of $44.72.

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.