UBS Group AG Increases Stock Position in ARK Fintech Innovation ETF $ARKF

UBS Group AG boosted its stake in shares of ARK Fintech Innovation ETF (BATS:ARKF) by 4.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 335,261 shares of the company’s stock after acquiring an additional 14,896 shares during the quarter. UBS Group AG’s holdings in ARK Fintech Innovation ETF were worth $15,968,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new position in ARK Fintech Innovation ETF during the fourth quarter worth about $30,000. Sunbelt Securities Inc. acquired a new stake in shares of ARK Fintech Innovation ETF during the third quarter worth about $33,000. Darwin Wealth Management LLC acquired a new stake in shares of ARK Fintech Innovation ETF during the second quarter worth about $41,000. Wealth Watch Advisors INC acquired a new stake in shares of ARK Fintech Innovation ETF during the third quarter worth about $48,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of ARK Fintech Innovation ETF during the third quarter worth about $51,000.

ARK Fintech Innovation ETF Stock Down 1.2%

Shares of BATS:ARKF opened at $41.29 on Thursday. The firm’s 50 day moving average price is $40.57 and its 200 day moving average price is $44.96. The stock has a market cap of $990.96 million, a price-to-earnings ratio of 36.31 and a beta of 1.89. ARK Fintech Innovation ETF has a fifty-two week low of $35.82 and a fifty-two week high of $59.20.

ARK Fintech Innovation ETF Company 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 issued by ARK.