ARK Fintech Innovation ETF $ARKF Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its stake in shares of ARK Fintech Innovation ETF (BATS:ARKF) by 215.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,799 shares of the company’s stock after buying an additional 27,863 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.18% of ARK Fintech Innovation ETF worth $1,943,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ARKF. Goldman Sachs Group Inc. acquired a new stake in shares of ARK Fintech Innovation ETF during the first quarter worth $248,000. Cresset Asset Management LLC purchased a new position in shares of ARK Fintech Innovation ETF in the 2nd quarter worth $260,000. Qube Research & Technologies Ltd raised its position in shares of ARK Fintech Innovation ETF by 1.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 63,657 shares of the company’s stock worth $3,198,000 after buying an additional 1,068 shares during the period. NewEdge Advisors LLC raised its position in shares of ARK Fintech Innovation ETF by 7,760.0% in the 2nd quarter. NewEdge Advisors LLC now owns 15,720 shares of the company’s stock worth $790,000 after buying an additional 15,520 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of ARK Fintech Innovation ETF in the 2nd quarter worth $41,000.

ARK Fintech Innovation ETF Trading Down 5.4%

Shares of ARKF opened at $38.18 on Friday. The firm has a market capitalization of $916.32 million, a P/E ratio of 36.31 and a beta of 1.89. The stock’s fifty day simple moving average is $40.78 and its 200 day simple moving average is $43.41. ARK Fintech Innovation ETF has a twelve month low of $35.82 and a twelve month high of $59.20.

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 issued by ARK.