ARK Fintech Innovation ETF (NYSEARCA:ARKF) Shares Down 0.5% – Here’s Why

ARK Fintech Innovation ETF (NYSEARCA:ARKF) shares fell 0.5% during trading on Friday . The stock traded as low as $47.39 and last traded at $47.81. 512,005 shares changed hands during mid-day trading, an increase of 84% from the average session volume of 277,691 shares. The stock had previously closed at $48.06.

ARK Fintech Innovation ETF Stock Down 0.5%

The stock has a fifty day moving average of $49.10 and a two-hundred day moving average of $52.57. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 36.31 and a beta of 1.94.

ARK Fintech Innovation ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.043 dividend. This represents a dividend yield of 9.0%. The ex-dividend date was Friday, December 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Paller Financial Services Inc purchased a new stake in shares of ARK Fintech Innovation ETF during the 4th quarter worth approximately $3,352,000. EdgeRock Capital LLC raised its holdings in ARK Fintech Innovation ETF by 44.1% during the fourth quarter. EdgeRock Capital LLC now owns 10,797 shares of the company’s stock worth $514,000 after purchasing an additional 3,305 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in ARK Fintech Innovation ETF by 178.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 22,182 shares of the company’s stock worth $1,057,000 after purchasing an additional 14,212 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in ARK Fintech Innovation ETF by 5.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,103 shares of the company’s stock valued at $504,000 after purchasing an additional 518 shares during the last quarter. Finally, Centaurus Financial Inc. grew its holdings in ARK Fintech Innovation ETF by 17.1% in the third quarter. Centaurus Financial Inc. now owns 12,493 shares of the company’s stock valued at $710,000 after purchasing an additional 1,820 shares during the last quarter.

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 managed by ARK.