Northwestern Mutual Wealth Management Co. Grows Stake in ARK Fintech Innovation ETF $ARKF

Northwestern Mutual Wealth Management Co. raised its stake in ARK Fintech Innovation ETF (BATS:ARKF) by 1,276.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,033 shares of the company’s stock after acquiring an additional 165,097 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ARK Fintech Innovation ETF were worth $8,480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. UBS Group AG lifted its holdings in shares of ARK Fintech Innovation ETF by 4.6% during the fourth quarter. UBS Group AG now owns 335,261 shares of the company’s stock valued at $15,968,000 after purchasing an additional 14,896 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of ARK Fintech Innovation ETF during the third quarter valued at $17,949,000. Raymond James Financial Inc. lifted its holdings in shares of ARK Fintech Innovation ETF by 41.0% during the third quarter. Raymond James Financial Inc. now owns 150,055 shares of the company’s stock valued at $8,523,000 after purchasing an additional 43,668 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of ARK Fintech Innovation ETF during the third quarter valued at $7,541,000. Finally, Titleist Asset Management LLC lifted its holdings in shares of ARK Fintech Innovation ETF by 1.5% during the third quarter. Titleist Asset Management LLC now owns 105,053 shares of the company’s stock valued at $5,967,000 after purchasing an additional 1,599 shares in the last quarter.

ARK Fintech Innovation ETF Price Performance

Shares of BATS:ARKF opened at $40.85 on Friday. The company has a market cap of $980.40 million, a P/E ratio of 36.31 and a beta of 1.89. ARK Fintech Innovation ETF has a 1 year low of $35.82 and a 1 year high of $59.20. The stock’s fifty day moving average price is $40.57 and its 200-day moving average price is $44.26.

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 issued by ARK.