Paller Financial Services Inc acquired a new position in shares of ARK Fintech Innovation ETF (BATS:ARKF – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 70,378 shares of the company’s stock, valued at approximately $3,352,000. ARK Fintech Innovation ETF makes up approximately 2.7% of Paller Financial Services Inc’s investment portfolio, making the stock its 16th biggest holding.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of ARK Fintech Innovation ETF by 5.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,103 shares of the company’s stock worth $504,000 after buying an additional 518 shares during the last quarter. Kilter Group LLC acquired a new position in shares of ARK Fintech Innovation ETF during the second quarter worth $28,000. Sunbelt Securities Inc. bought a new position in shares of ARK Fintech Innovation ETF in the 3rd quarter valued at $33,000. Darwin Wealth Management LLC bought a new position in shares of ARK Fintech Innovation ETF in the 2nd quarter valued at $41,000. Finally, Wealth Watch Advisors INC bought a new position in shares of ARK Fintech Innovation ETF in the 3rd quarter valued at $48,000.
ARK Fintech Innovation ETF Stock Up 5.2%
BATS ARKF opened at $38.01 on Wednesday. The company has a market cap of $912.24 million, a price-to-earnings ratio of 36.31 and a beta of 1.89. ARK Fintech Innovation ETF has a twelve month low of $27.70 and a twelve month high of $59.20. The business’s fifty day moving average is $40.48 and its 200 day moving average is $48.06.
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.
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