Paller Financial Services Inc Invests $3.35 Million in ARK Fintech Innovation ETF $ARKF

Paller Financial Services Inc purchased a new position in shares of ARK Fintech Innovation ETF (BATS:ARKF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 70,378 shares of the company’s stock, valued at approximately $3,352,000. ARK Fintech Innovation ETF makes up 2.7% of Paller Financial Services Inc’s portfolio, making the stock its 16th largest position. Paller Financial Services Inc owned about 0.31% of ARK Fintech Innovation ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in ARK Fintech Innovation ETF during the first quarter worth $248,000. Choreo LLC bought a new position in shares of ARK Fintech Innovation ETF in the 2nd quarter valued at $287,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of ARK Fintech Innovation ETF by 19.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,700 shares of the company’s stock valued at $739,000 after purchasing an additional 2,440 shares during the last quarter. Kilter Group LLC acquired a new position in shares of ARK Fintech Innovation ETF during the 2nd quarter worth $28,000. Finally, Crescent Grove Advisors LLC acquired a new position in shares of ARK Fintech Innovation ETF during the 2nd quarter worth $300,000.

ARK Fintech Innovation ETF Stock Up 5.2%

Shares of ARKF stock opened at $38.01 on Wednesday. The business has a fifty day simple moving average of $40.48 and a 200 day simple moving average of $48.06. The company has a market cap of $912.24 million, a P/E ratio of 36.31 and a beta of 1.89. ARK Fintech Innovation ETF has a twelve month low of $27.70 and a twelve month high of $59.20.

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 issued by ARK.