Private Trust Co. NA Reduces Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Private Trust Co. NA trimmed its holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,584 shares of the company’s stock after selling 300 shares during the quarter. Private Trust Co. NA’s holdings in ARK Fintech Innovation ETF were worth $375,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ARKF. Jane Street Group LLC lifted its position in ARK Fintech Innovation ETF by 764.0% during the first quarter. Jane Street Group LLC now owns 460,977 shares of the company’s stock worth $13,981,000 after buying an additional 407,625 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of ARK Fintech Innovation ETF by 833.5% in the first quarter. Cetera Investment Advisers now owns 121,722 shares of the company’s stock valued at $3,692,000 after purchasing an additional 108,683 shares during the period. CWM LLC increased its position in ARK Fintech Innovation ETF by 1.9% during the second quarter. CWM LLC now owns 45,122 shares of the company’s stock worth $1,257,000 after purchasing an additional 845 shares during the last quarter. Granite Bay Wealth Management LLC raised its stake in ARK Fintech Innovation ETF by 2,966.5% during the second quarter. Granite Bay Wealth Management LLC now owns 422,262 shares of the company’s stock worth $11,844,000 after purchasing an additional 408,492 shares during the period. Finally, Insight Advisors LLC PA boosted its holdings in ARK Fintech Innovation ETF by 8.3% in the 2nd quarter. Insight Advisors LLC PA now owns 15,938 shares of the company’s stock valued at $444,000 after purchasing an additional 1,223 shares during the last quarter.

ARK Fintech Innovation ETF Price Performance

Shares of NYSEARCA ARKF opened at $39.23 on Thursday. The company has a market capitalization of $1.42 billion, a P/E ratio of 61.35 and a beta of 2.03. The company has a 50 day simple moving average of $32.55 and a 200-day simple moving average of $29.34. ARK Fintech Innovation ETF has a 1 year low of $22.85 and a 1 year high of $39.44.

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.