AE Wealth Management LLC cut its holdings in the ARK Fintech Innovation ETF (NYSEARCA: ARKF – Get Rating) by 19.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 18,722 shares of the company’s shares after selling 4,473 shares during the quarter. AE Wealth Management LLC’s holdings in the ARK Fintech Innovation ETF were worth $ 544,000 at the end of the most recent reporting period.
A number of other large investors have also recently added or reduced their holdings in the business. Fagan Associates Inc. raised its stake in ARK Fintech Innovation ETF by 2.1% in Q4. Fagan Associates Inc. now owns 17,270 shares in the company worth $ 705,000 after buying a further 356 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in ARK Fintech Innovation ETF by 0.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 92,483 shares in the company worth USD 3,778,000 after acquiring an additional 629 shares during the last quarter. Financial Management Professionals Inc. increased its stake in ARK Fintech Innovation ETF by 2,776.9% during the fourth quarter. Financial Management Professionals Inc. now owns 748 shares of the company’s shares worth $ 31,000 after buying another 722 shares during the last quarter. Charter Oak Capital Management LLC increased its stake in ARK Fintech Innovation ETF by 476.2% during the fourth quarter. Charter Oak Capital Management LLC now owns 1,210 shares of the company’s shares worth $ 49,000 after buying another 1,000 shares during the last quarter. Finally, Main Management LLC increased its stake in ARK Fintech Innovation ETF by 20.0% during the fourth quarter. Main Management LLC now owns 7,674 shares of the company’s shares worth $ 313,000 after buying an additional 1,277 shares during the last quarter.
NYSEARCA ARKF opened at $ 17.28 on Friday. The ARK Fintech Innovation ETF has a 12-month low of $ 14.64 and a maximum of $ 55.28 in 12 months. The company has a 50-day moving average of $ 17.64 and a 200-day moving average of $ 25.90.
Further reading
Want to see what other hedge funds have ARKF? Visit HoldingsChannel.com for the latest 13F registrations and insider trading for the ARK Fintech Innovation ETF (NYSEARCA: ARKF – Get rating).
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