Northwestern Mutual Wealth Management Co. Raises Stock Holdings in ARK Fintech Innovation ETF $ARKF

Northwestern Mutual Wealth Management Co. increased its position in ARK Fintech Innovation ETF (BATS:ARKF) by 1,276.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,033 shares of the company’s stock after purchasing an additional 165,097 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.79% of ARK Fintech Innovation ETF worth $8,480,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. MBA Advisors LLC grew its stake in shares of ARK Fintech Innovation ETF by 3.0% in the fourth quarter. MBA Advisors LLC now owns 7,860 shares of the company’s stock worth $374,000 after acquiring an additional 226 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of ARK Fintech Innovation ETF by 14.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,378 shares of the company’s stock worth $161,000 after acquiring an additional 434 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of 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 worth $504,000 after acquiring an additional 518 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of ARK Fintech Innovation ETF in the third quarter worth $33,000. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of ARK Fintech Innovation ETF in the fourth quarter worth $30,000.

ARK Fintech Innovation ETF Trading Down 1.1%

BATS ARKF opened at $40.85 on Friday. ARK Fintech Innovation ETF has a 12 month low of $35.82 and a 12 month high of $59.20. The stock has a market cap of $980.40 million, a P/E ratio of 36.31 and a beta of 1.89. 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.