ARK Fintech Innovation ETF (BATS:ARKF) Shares Down 0.7% – Here’s What Happened

ARK Fintech Innovation ETF (BATS:ARKF) was down 0.7% during trading on Monday . The stock traded as low as $41.14 and last traded at $41.32. 64,364 shares were traded during trading, a decline of 72% from the average session volume of 233,120 shares. The stock had previously closed at $41.63.

ARK Fintech Innovation ETF Trading Up 0.9%

The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 36.31 and a beta of 1.89. The stock’s fifty day moving average price is $40.63 and its two-hundred day moving average price is $41.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Elevated Capital Advisors LLC acquired a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter worth about $30,000. Sunbelt Securities Inc. acquired a new stake in ARK Fintech Innovation ETF during the third quarter worth approximately $33,000. Darwin Wealth Management LLC purchased a new stake in shares of ARK Fintech Innovation ETF during the 2nd quarter worth approximately $41,000. AlphaCore Capital LLC acquired a new position in shares of ARK Fintech Innovation ETF in the 4th quarter valued at $43,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of ARK Fintech Innovation ETF in the 3rd quarter valued at $48,000.

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.