Turner Financial Group Inc. Buys New Shares in ARK Fintech Innovation ETF $ARKF

Turner Financial Group Inc. bought a new position in shares of ARK Fintech Innovation ETF (BATS:ARKF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,772 shares of the company’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARKF. Sunbelt Securities Inc. acquired a new position in ARK Fintech Innovation ETF during the third quarter worth approximately $33,000. Darwin Wealth Management LLC acquired a new stake in ARK Fintech Innovation ETF in the 2nd quarter valued at $41,000. Wealth Watch Advisors INC purchased a new position in ARK Fintech Innovation ETF in the third quarter valued at about $48,000. AlphaCore Capital LLC purchased a new position in ARK Fintech Innovation ETF in the fourth quarter valued at about $43,000. Finally, Palisade Asset Management LLC purchased a new position in ARK Fintech Innovation ETF in the third quarter valued at about $51,000.

ARK Fintech Innovation ETF Price Performance

Shares of ARKF opened at $47.10 on Friday. ARK Fintech Innovation ETF has a 12 month low of $35.82 and a 12 month high of $59.20. The stock’s 50-day moving average is $42.63 and its two-hundred day moving average is $41.04. The stock has a market cap of $1.13 billion, a PE ratio of 36.31 and a beta of 1.89.

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 issued by ARK.