KFG Wealth Management LLC Invests $4.37 Million in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

KFG Wealth Management LLC purchased a new stake in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 158,606 shares of the company’s stock, valued at approximately $4,374,000. ARK Fintech Innovation ETF makes up approximately 2.0% of KFG Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in ARK Fintech Innovation ETF in the fourth quarter valued at about $85,990,000. Envestnet Portfolio Solutions Inc. bought a new position in ARK Fintech Innovation ETF in the third quarter valued at about $334,000. Stratos Wealth Partners LTD. lifted its holdings in ARK Fintech Innovation ETF by 251.7% in the third quarter. Stratos Wealth Partners LTD. now owns 49,214 shares of the company’s stock valued at $953,000 after acquiring an additional 35,221 shares during the period. Raymond James & Associates lifted its holdings in ARK Fintech Innovation ETF by 3.2% in the fourth quarter. Raymond James & Associates now owns 100,955 shares of the company’s stock valued at $2,784,000 after acquiring an additional 3,150 shares during the period. Finally, Banque Pictet & Cie SA bought a new position in ARK Fintech Innovation ETF in the third quarter valued at about $318,000.

ARK Fintech Innovation ETF Stock Performance

Shares of NYSEARCA ARKF traded down $0.47 during trading on Friday, hitting $26.68. The company had a trading volume of 601,185 shares, compared to its average volume of 573,952. The stock has a 50 day simple moving average of $28.86 and a 200 day simple moving average of $25.22. ARK Fintech Innovation ETF has a 12 month low of $16.93 and a 12 month high of $30.99. The firm has a market capitalization of $995.16 million, a P/E ratio of 63.57 and a beta of 1.50.

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.