ARK Fintech Innovation ETF (NYSEARCA:ARKF) Reaches New 1-Year High – Time to Buy?

ARK Fintech Innovation ETF (NYSEARCA:ARKF)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $41.74 and last traded at $41.49, with a volume of 422349 shares changing hands. The stock had previously closed at $41.25.

ARK Fintech Innovation ETF Trading Up 0.6 %

The business has a fifty day moving average of $39.12 and a 200-day moving average of $32.99. The company has a market cap of $1.50 billion, a PE ratio of 61.35 and a beta of 2.03.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ARKF. Darwin Wealth Management LLC bought a new position in shares of ARK Fintech Innovation ETF in the 3rd quarter worth approximately $28,000. Golden State Wealth Management LLC purchased a new stake in ARK Fintech Innovation ETF in the fourth quarter worth $34,000. Capital Performance Advisors LLP bought a new position in ARK Fintech Innovation ETF in the third quarter worth $48,000. MBA Advisors LLC purchased a new position in ARK Fintech Innovation ETF during the third quarter valued at $202,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter valued at $203,000.

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 managed by ARK.