Atomi Financial Group Inc. Trims Position in ARK Fintech Innovation ETF (NYSEARCA:ARKF)

Atomi Financial Group Inc. decreased its holdings in ARK Fintech Innovation ETF (NYSEARCA:ARKF) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,259 shares of the company’s stock after selling 758 shares during the quarter. Atomi Financial Group Inc.’s holdings in ARK Fintech Innovation ETF were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARKF. Granite Bay Wealth Management LLC raised its holdings in ARK Fintech Innovation ETF by 2,966.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 422,262 shares of the company’s stock worth $11,844,000 after purchasing an additional 408,492 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of ARK Fintech Innovation ETF during the third quarter valued at about $7,416,000. Nwam LLC purchased a new position in shares of ARK Fintech Innovation ETF during the third quarter valued at about $1,641,000. Envestnet Asset Management Inc. raised its stake in ARK Fintech Innovation ETF by 16.6% in the second quarter. Envestnet Asset Management Inc. now owns 63,649 shares of the company’s stock worth $1,773,000 after buying an additional 9,074 shares in the last quarter. Finally, EQ LLC purchased a new stake in ARK Fintech Innovation ETF in the third quarter worth about $255,000.

ARK Fintech Innovation ETF Stock Performance

ARKF stock opened at $40.44 on Thursday. ARK Fintech Innovation ETF has a fifty-two week low of $22.85 and a fifty-two week high of $41.71. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 61.35 and a beta of 2.03. The business’s 50 day moving average price is $38.86 and its two-hundred day moving average price is $32.59.

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 managed by ARK.