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

KFG Wealth Management LLC purchased a new position in shares of ARK Fintech Innovation ETF (NYSEARCA:ARKF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 158,606 shares of the company’s stock, valued at approximately $4,374,000. ARK Fintech Innovation ETF comprises 2.0% of KFG Wealth Management LLC’s investment portfolio, making the stock its 14th largest holding. KFG Wealth Management LLC owned about 0.35% of ARK Fintech Innovation ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Baystate Wealth Management LLC boosted its holdings in ARK Fintech Innovation ETF by 83.4% in the third quarter. Baystate Wealth Management LLC now owns 1,282 shares of the company’s stock valued at $25,000 after acquiring an additional 583 shares during the last quarter. Elevated Capital Advisors LLC increased its position in ARK Fintech Innovation ETF by 4.0% during the 3rd quarter. Elevated Capital Advisors LLC now owns 17,445 shares of the company’s stock valued at $338,000 after purchasing an additional 669 shares during the period. Concourse Financial Group Securities Inc. increased its position in ARK Fintech Innovation ETF by 81.9% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,532 shares of the company’s stock valued at $30,000 after purchasing an additional 690 shares during the period. Tower Research Capital LLC TRC increased its position in ARK Fintech Innovation ETF by 53.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,344 shares of the company’s stock valued at $49,000 after purchasing an additional 820 shares during the period. Finally, Allworth Financial LP increased its position in ARK Fintech Innovation ETF by 82.2% during the 3rd quarter. Allworth Financial LP now owns 1,924 shares of the company’s stock valued at $37,000 after purchasing an additional 868 shares during the period.

ARK Fintech Innovation ETF Trading Down 1.7 %

NYSEARCA:ARKF traded down $0.47 on Friday, reaching $26.68. 601,185 shares of the stock traded hands, compared to its average volume of 573,952. The firm has a market capitalization of $995.16 million, a price-to-earnings ratio of 63.57 and a beta of 1.50. The company’s 50 day moving average is $28.86 and its 200-day moving average is $25.22. ARK Fintech Innovation ETF has a 1-year low of $16.93 and a 1-year high of $30.99.

ARK Fintech Innovation ETF 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.